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 around 18 percent of Brits aged 65 and over and 2.4 percent aged 85 and over.
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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 Britain’s soaring demand by 2025.
The UK care home 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 percent 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 it’s 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 individual’s happiness and health, and so providing exceptional care is always the primary purpose of an elderly care home.
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 ensures 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 six-month support programme including a residential training course to give you all the know-how to run a successful care business.
You don’t 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.
You’ll 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 million a year within two years. To find out more and apply, head to its website today.
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.
Promedica24 supports individuals and their families who 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. Promedica24 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 won’t be delivering care to your clients but, instead, you’ll 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 you’ll 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.
Avant Healthcare is dedicated to provided top-quality care to its clients in the comfort of their own homes. It acknowledges that, in order to run a fruitful business, a robust, trusted relationship needs to be formed between itself and its franchisees. Also, with decades of experience in the industry and business growth, it couldn’t be better qualified at guiding franchisees to success.
On top of a comprehensive initial training programme and an ongoing support network, franchisees can benefit from an expert senior management team, franchisee forums, an operations and training manual, a staff induction training pack and much more.
Avant Healthcare is looking for candidates who are passionate about care, eager to make a difference and driven enough to run a highly lucrative business. They should be able to raise around £35,000 and working capital.
Because Avant is known for having a proven business model, banks and lenders can loan up to 70 percent of the total investment cost.
Launched nearly 30 years ago, this ambitious franchise provides clinical and non-clinical care though its national network of franchisees.
Kare Plus had evolved alongside the healthcare industry, and its wealth of experience in both types of settings sets it apart from other care providers.
You will be supported and guided throughout the entirety of your franchising journey. You’ll be assigned a regional support manager and participate in ongoing training courses that cover crucial topics like marketing, accounting, operations, recruitment etc.
The ideal franchisee should preferably have a background in the healthcare industry, be able to confidently manage a team of employees and be motivated enough to make their business a success.
In order to become a Kare Plus franchisee, you will need to make an initial investment of £40,000 +VAT and have an additional £40,000 in working capital. Don’t fret if you don’t have access to this amount, as most major banks are prepared to lend up to 70 percent.
This franchise is dedicated to supporting the happiness and independent living of its clients. Hallows Care provides efficient domiciliary care and support services in the local community. Its role includes employing, training and supporting staff, and getting to know them and their clients on a personal level, so they can match them up and provide a tailored experience.
To help franchisees become capable and confident business owners and get to grips with the brand’s ethos, they will attend a four-week training programme prior to launch. After this, Hallows Care’s franchise support centre will be on hand to provide support to franchisees whenever they need it.
Hallows Care is looking for franchisees that share its family-based values and want to positively impact the lives of individuals as well as the local community.
To get involved, interested applicants will need to make a minimum investment of around £35,000 and a total investment of £118,000.
This family-run franchise 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, you’ll be responsible for marketing and developing your business as well as finding the right home carers to meet each of your clients’ needs.
You don’t need to have any previous care home or business ownership experience, thanks to the comprehensive franchise package that you’ll receive. You’ll have full training in 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, you’ll 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 £35,994 plus VAT, and the total investment is estimated at around £96,000.
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.
Becky Martin, Point Franchise ©