For many, at-home care franchises are a profitable and fulfilling business.
Many older adults don’t wish to live in assisted living facilities, preferring to receive medical assistance from the comfort of their own homes. Home franchises, like Bluebird Care, provide essential services for these seniors, like pastoral and medical.
For many, the biggest challenge is getting started. The question of how to open a franchise can trump ambition. In this article, we aim to make your process simple and easy. Follow our guide to learn how to start your care franchise.
Franchising in a Nutshell
By getting a better look at franchising, you’ll be able to understand how to jump into home care. Let’s clarify.
Franchising involves taking on a brand’s IP, logos, and branding. A franchisee is a customer who buys into the franchise – typically an entrepreneur looking to get a head-start in business. Franchising can lead to many unforeseen benefits: franchisees don’t have to work hard to get their business off the ground. They have a built-in reputation and customer base.
Conversely, a franchisor is an individual who provides the right to the franchisee. The franchisor must find reliable clients and provide adequate training to get off the ground. In turn, they’ll receive compensation through a franchise fee and spread the business. The goal of any great franchise is to expand nationally– and, ultimately, worldwide!
For a more in-depth walkthrough, our Ultimate Guide provides all the information you’ll need.
How to Start Your Home Care Services
Starting a home care franchise includes processes like any franchise business. Follow the following steps:
#1 Explore Different Franchise Opportunities
Before you dive in, it’s essential to find the right franchise for you. Explore Franchise Local’s listings for a wide assortment of care franchises. We include a vast array of different budget levels. Consider your market and know what you’re looking for. Franchise profitability is highly dependent on locale. You won’t be wise to set up a care franchise in the middle of nowhere. You can also go to the International Franchise Show, a free annual event to connect you to reputable franchises.
Best Home Care Business for Sale
Here’s a list of a few of the best at-home franchises and their minimum investments. We’re sure you’ll be able to find a franchise that matches your needs and goals.
Bridgewater Home Care – £35,000
Caremark – £35,000
Last Minute Care and Nursing – £30,000
Hope Homecare – £35,000
People Building – £3,600
KarePlus – £40,000
Driving Miss Daisy – £10,000
SylvianCare – £15,000
Once you’ve found a franchise that meets your needs and market, it’s time to take it to the next step.
#2 Contact Their Franchisor
If you’re giddy about a potential franchise– don’t settle yet. As a franchisee, you will work heavily with your franchisor. They will train you and give you much of the knowledge to make your franchise successful. Ask them to coffee or talk to them over the phone.
Follow your gut feeling. If you and the franchisor don’t connect, it’s worth exploring. While you shouldn’t shut down the opportunity over a faulty connection, you must find someone you trust. Ensure your franchisor has the same values and goals.
Home care franchises are personal, meaningful businesses. In this field, it’s especially crucial to align with your franchisor.
If you like the franchisor and the brand, you’re in business.
#3 Sign a Franchise Agreement
You’re getting there. Once you’ve agreed to come on board, it’s time to talk about legal arrangements. The franchise agreement will lay out all the expectations and regulations of the partnership. Don’t sign it blindly.
Read over everything in the agreement. If you don’t understand anything, please contact a lawyer. They’ll make sure you stay protected throughout the process. Of course, you will have to pay a fee to the franchise and the franchisor. Depending on the franchise, this may seem steep, so make sure you can afford it. Remember, this is an initial investment. Hopefully, your homecare franchise will soon repay you.
#4 Begin Your Senior Care Franchise
Congratulations, you are now a franchise owner! Follow your training to ensure you’re leading the best home care agency possible. Your franchisor will have great recommendations, from branding to hiring, so make sure you live up to their expectations.
You’ve chosen a kindhearted route. We hope your care franchise can lead to significant business opportunities and expansion.
Start Your Home Care Franchise Journey Today
There has never been a better time to start a care franchise company. With 11 million elderly people in the UK alone, medical in-home care provides a noble, necessary service. Hopefully, this breakdown provided the tools you need to get your care franchise off the ground.
Of course, franchising often starts slow. Take your time finding the right company and franchisor. Jumping into the wrong franchise can only lead to a negative experience.
If you want to explore other industries, continue to comb through Franchise Local. You can never know enough about business, and our Information Centre seeks to teach anything it can. Starting a franchise is an often intimidating, daunting task. Soon, you’ll have a team and a leader helping guide you through the storm.
Until then, keep exploring and let your passion lead you. Your franchise can make a difference.