Elderly Care Franchises in the UK

25/09/2018 19:00 | Start a business

elderly care franchises

According to the Office for National Statistics (ONS), more people are living in the UK than ever before, 65.6 million in fact. This is in part due to the UK population getting older with 18% of Brits aged 65 and over and 2.4% aged 85 and over.

Thanks to improvements in healthcare and people living healthier lifestyles the population is growing and is projected to reach 74 million by 2039. This will undoubtedly put a tremendous amount of strain on the provision of elderly care up and down the country.

Elderly care jobs

With an ageing population, there is inevitably a need for more elderly care homes. A study by Newcastle University revealed that an estimated 71,000 additional elderly care home spaces will be needed to cope with Britains soaring demand by 2025.

The UK care homes sector is worth in the region of £15.9 billion a year, with over 11,000 care homes looking after more than 400,000 residents. Approximately 95% of the beds are provided by the independent sector which will play an even more prominent role in the provision of care as demand increases.

So if you have a passion for senior care and are interested in becoming your own boss, then its a good time to consider buying a care home franchise.

Elderly care home

The decision to choose the right care home is crucial for both prospective residents and their families. The quality of care provided can have a significant impact on an individuals happiness and health, and so providing exceptional care is always the primary purpose of an elderly care home.

Home Instead

Committed to delivering the best quality care for the elderly, Home Instead is the leading provider of home care in the world. Since its launch in 1995, the business has grown significantly and now has 1,200 franchises in 14 countries. And the Home Instead mission is simple all over the globe: to improve the lives of elderly adults and their families.

The Home Instead model is focused on exclusive care based on need. It emphasises quality over quantity and always putting the needs of clients first. But Home Instead also ensure that franchisees are taken care of too with every franchisee being granted access to modern, user-friendly business systems to help them get their businesses off to a great start. You'll also receive a tailored 6-month support programme including a residential training course to give you all the know-how to run a successful care business.

You dont need to have any experience of working in care homes to become a Home Instead franchisee. What you do need to have is a caring nature, business acumen, excellent communication skills and the ability to manage your business to achieve a positive financial performance.

Youll need a minimum investment of £30,000 and a total investment of £90,000 to £110,000 to buy a Home Instead franchise. The investment is significant, but the growth potential is vast. With hard work and dedication, you could achieve a turnover of up to £2,000,000 a year within two years.

Home care for the elderly in their own homes

Many older adults may have care needs but only need assistance on a part-time basis. Being able to remain living in their own home gives the elderly a sense of independence and can be significantly less expensive than a residential care home.

Promedica 24

Promedica 24 supports individuals and their families to opt for live-in care by giving them access to highly qualified care staff who visit their home. This ambitious franchise has over 138 franchisees in Germany and the UK and is growing at a rapid rate. Promedica 24 is now the largest provider of live-in home care services in Europe with 27,500 clients and 35,600 care workers.

As a franchisee, you wont be delivering care to your clients, but instead, youll assume a managerial role while overseeing your franchise. You don't need to have any previous home care experience, but you must be passionate about changing and improving the lives of others. You'll receive training and support throughout your franchising journey to ensure that your business is a success.

The cost of the franchise fee is £20,000 plus VAT, and youll also need working capital to support the growth of your business. This is an investment which will not only give you the opportunity to be your own boss but will make an impact on your community as well as provide a financially stable future for your family.

Heritage Healthcare

This family-run is passionate about helping people feel comfortable in their own homes. Heritage Healthcare's business model is about providing a first-class service to its clients every time. As a franchisee, youll be responsible for marketing and developing your business as well as finding the right home carers to meet each of your clients needs.

You dont need to have any previous care home or business ownership experience thanks to the comprehensive franchise package that youll receive. Youll have full training including everything from finance to marketing, so you can get your new business off to a flying start.

If you think owning a Heritage Healthcare franchise is right for you, youll need to demonstrate a positive attitude and a dedication to providing the highest possible ethical standards. You'll also need to have previous management experience, strong commercial awareness, determination and a caring attitude to meet the criteria of a Heritage Healthcare franchisee. The minimum investment required is £29,995 plus VAT, and the total investment is estimated at around £96,000.

Conclusion

It takes a particular type of person to become a successful franchisee, and this is undoubtedly true of a franchisee within the elderly care sector. You need to have the right balance of determination and strength of character along with an ability to empathise and care for vulnerable people and their families.

If you think you have what it takes to run a successful senior care business, then there are plenty of franchise opportunities that will offer you a potentially lucrative and rewarding career.
 

Other recent articles

0 Comments

post a comment

Characters remaining: 250