If you’re looking to start a business and make a difference, then a care franchise could be the perfect solution. There are many different types of care franchises, ranging across all ages and circumstances, and they are ideal if you have people skills and a desire to make lives easier and more satisfying.
Care franchises are, of course, subject to lots of legislation and guidelines, so there is a strong framework in place about how to make it work for the people you care for. However, it is also a good business opportunity with good returns on investment for well-run franchises, which is why care is one of the fastest growing sectors in the franchise industry.
Types of care franchises
Care home franchises
These are residential properties that are modified to meet the needs of the people who live there. Depending on what kind of service users you are working with, the facilities can be very different.
One of the most common kinds of care home franchise is for elderly people. After becoming either too ill, frail or incapable of living in their own homes, many elderly people want a safe and secure environment in which to live. A care or nursing home provides all the companionship, care and facilities they need to enjoy their remaining time, which can be a relief for the service users as well as friends and family.
There are also care homes provided for service users with learning difficulties, mental health problems, vulnerable children and more. These places offer invaluable care, help and support to those in our society who need and deserve it most. A care home franchise therefore provides an ideal opportunity to really make a difference.
Home care franchises
It may sound similar but this is very distinct from a care home. Home care involves providing support and help for people in their own home. So rather than the residing in your facility, you offer support workers, cleaners, healthcare and more to people where they live.
This can often mean people can continue to stay where they are, without the disruption, cost or stress of having to move. Often people’s needs are not sufficient to require full-time care and they only need a few hours each day or throughout the week to accomplish certain tasks, such as shopping, cleaning, cooking or more. A home care franchise connects carers with service users who need assistance. With plenty of strain on the healthcare system, this kind of ad hoc care has become even more important for millions of people across the UK.
Retirement home franchises
Sometimes older people who have no serious or specific health concerns simply want to live in a place where they can feel safe and have companionship. Loneliness is a major problem for older people who find it difficult to get out and about or who have lost partners or friends. A retirement home provides an environment where they can live and enjoy their life with people in similar circumstances.
Why a care franchise could be a great option
There are several reasons why care is such an important sector in the world of franchises. These include:
Growing demand – Thanks to an ageing generation of Baby Boomers with property and large pension funds, care has become a lucrative industry. And as the population ages in general, it is expected that there will be three times as many people over the age of 60 in 2050 as there are now, according to the UN.
Lower investment – While it can cost hundreds of thousands to set up a fast food franchise, most care franchises cost a lot less. A whole care home might involve large investment, but there are countless smaller opportunities across the care sector.
High revenue – It’s been found that care franchise owners were able to make significantly higher profits than independent operators. Having the support and experience of the franchise behind you can help you to set up quicker and meet expected standards in the right way.
Help with legislation – As mentioned above, the sector is rightly subject to a huge amount of legislation and red tape. For an independent organisation it can be very difficult to navigate a way through all of this. As part of a franchise, you get help to understand the important and relevant parts of legislation, benefiting from the previous experience of others.
A chance to make a difference – Of course, business is a priority, but there is no rule to say that you can’t succeed and do good at the same time. A care franchise can be a very rewarding experience, filled with genuine human experiences. As well as running a business, you can also be providing a community service, plus you get to work with other people in the care profession, including nurses, doctors and social workers.
Not everyone is suitable for a care franchise, but if you have a love of working with people, a desire to make a difference and an ability to manage and organise well, then it could be a good fit. With an ageing population, this is a sector of industry with huge potential for expansion and growth, so now could be a perfect time to get involved.
If care can seem a little daunting, then a franchise can be a great way to open the door. With the help and support of the franchise behind you, you can get up and running a lot quicker than by starting out as an independent business. Get help with the complex administration process, train staff and work under the umbrella of a reputable name in an industry where standards and reputation are very important.
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Source: Franchise UK