What is the Best Franchise to Own?
If you’ve always wanted to own your own business, franchising can be a relatively seamless path to take. Instead of starting from scratch, you can benefit from brand recognition and an existing framework for success. How, though, can you tell what is the best franchise to own?
With so many franchises to choose from in a wide range of fields, you should start by narrowing the search to the right industry. Consider the following three factors:
- Existing market
- Long-term profitability
- What motivates you
From a practical perspective, the best franchise to own should have an expansive market, with promising projections for the long term as well. Ideally, the work you do should also align with your interests and values.
If you enjoy working with people and are motivated by helping others, senior care may be the most fitting franchise avenue for you.
What Makes Senior Care the Best Franchise to Own
Why is senior care such a compelling option for a franchise to own?
Senior care is a lucrative and continually expanding field serving one of the fastest-growing demographics. In 2018, the U.S. Census reported that older adults were poised to outnumber children “within a couple of decades” - a shift that is unprecedented in U.S. history.
Additionally, AARP reports seniors overwhelmingly prefer to remain in their homes and their communities as they age. Unfortunately, many are unable to do so without support. As a result, families across the country are buckling under the pressure of supporting elderly loved ones while working and raising children.
Based on these trends, it’s clear there is a market for affordable senior care and that it will continue to expand in the decades to come. As an essential service, senior care is also more resilient to economic downturns - and even to massively destabilizing events like the COVID-19.
Buying a senior care franchise also enables you to give back to your community. By providing flexible and affordable home care options, you can help the elderly live more comfortably and relieve a significant source of strain for local families.
Why Choose a Visiting Angels Franchise
Visiting Angels® is a nationally recognized franchise in the profitable, resilient, and impactful field of senior care. As a franchise owner, you’ll benefit from brand recognition in an industry where trust is paramount.
Visiting Angels has been ranked as one of the best senior care franchises to own by Franchise Business Review, based on surveys submitted by current franchise owners. As a franchise owner, you’ll be able to join our supportive and engaged network of franchisees.
Once you buy a franchise, Visiting Angels will provide the technology, materials, and overall framework you need to launch your business. From there, we’ll support you through consultations, webinars, conferences, regional meetings, marketing campaigns, lead generation, and other services.
The next step to discovering what is the best franchise to own is to seek out information about specific opportunities. Learn more about franchising with Visiting Angels by calling 800-365-4189 today. You can also request further information online.