If you’d love to become your own boss and make a real positive difference to the lives of your customers, you might well thrive as the owner of a healthcare franchise. This kind of rewarding, profitable work spans many different sub-sectors, and in this article, you’ll be able to choose the healthcare franchise that’s right for you.
Franchising is a lower-risk way of owning a business, granting you extensive support and training – and allowing you to smoothly enter an industry that’s brand new to you. Before you dive in and start your own healthcare franchise, you’ll need to do your research and get a strong sense of everything that’s out there. The more you know, the better equipped you’ll be to make the ideal investment.
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1. A home care franchise
Home care is a vast sector made up of companies that offer in-home support, whether this is elderly care, palliative care, childcare, mental health care or anything else. As you can imagine, this work can be incredibly emotionally demanding, but it’s also hugely rewarding to be helping people every single day. If you choose to invest in a home care franchise, you’ll enjoy all the following advantages:
- High and rising levels of customer demand
- Largely recession-proof demand
- Flexible working hours
- The chance to manage a team of people
- The chance to truly help others
- Access to comprehensive franchisor support and training
Choosing a franchise in the home care sector
There are many great investment options in home care. Apollo Care, for instance, was established in 2011 to support vulnerable adults with a variety of different needs. You can become an Apollo Care franchisee for a minimum initial investment of £12,500, with a total investment cost of £25,000.
Or there’s Caremark, established in 2005 with roots as far back as the 80s and a strong, reputable track record. You can franchise with Caremark for a minimum initial investment of £35,000, with a total investment cost of £112,000.
Alternatively, you might choose to invest with Heritage Healthcare, founded in 2008. Heritage Healthcare has grown extensively since this time, and you can become a franchisee for a minimum initial investment of £35,994, with a total investment cost of £95,994.
2. A healthcare recruitment franchise
As a franchisee with a healthcare recruitment company, you’ll still be indirectly helping others every single day. You’ll be hiring healthcare professionals on behalf of clients that are looking to employ them, connecting helpers with those in need of help. This is something you’ll often be able to do without any prior experience – thanks to a wealth of franchisor training – but if you’re looking to make a career change with a healthcare franchise in the recruitment industry, you will need the following transferable soft skills in order to thrive:
- Stress management
- Time management
- Flexibility and adaptability
How to choose a healthcare franchise in the field of recruitment
If a career in the growing niche of healthcare recruitment sounds appealing, why not consider becoming a Tezlom franchisee? Tezlom was established in 2008 as a small family business, and has continued to expand its network ever since. The UK-wide healthcare recruitment agency requires that you make a minimum initial investment of £25,000, with franchise fees of £25,000 and a total investment cost of £60,000.
3. A fitness franchise
One of the best ways to care for your health is by investing in your fitness, and if a more traditional role running a healthcare franchise doesn’t suit you, opening a gym might be the perfect option to explore next. The fitness industry is expansive in the UK, with a revenue of £6.17 billion [Statista]. An investment in this area could soon become lucrative. To give you an idea of whether franchising with a gym company is right for you, here are some of the common daily tasks you’ll be undertaking as the owner of a fitness franchise:
- Working directly with customers to assess fitness
- Working directly with customers to create personal exercise programmes
- Working with and maintaining industry-leading equipment
- Offering advice
- Managing a team of employees
- Following and staying up-to-date on health and safety guidelines
- Managing your franchise’s finances and operations
- Marketing your franchise
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How to choose a franchise in the fitness industry
There are a million different franchise options when it comes to investing in a gym or fitness franchise. One of the best is 9Round, which was established by two US kickboxers in 2008. Offering kickboxing circuit training sessions from over 600 clubs in over 15 countries, the franchise is undeniably successful. You can join the network for a minimum initial investment of £80,000, with franchise fees of £20,000 and a total investment cost of £180,000.
You might look into investing with Fitness Rush, a franchise that began ten years ago in a garage and has grown massively since. You can become a Fitness Rush franchisee for a minimum initial investment of £25,000, with franchise fees of £9,999 and a total investment cost of £100,000.
Finally, you should check out Hybrid Fitness. Hybrid Fitness first opened its doors in 2018, offering flexible services and a mix of boutique and more traditional gym-based equipment. If you’d like to become a franchisee, you can make a minimum initial investment of £50,000, with franchise fees of £15,000 and a total investment cost of £225,000.
Running a healthcare franchise could allow you to combine profit and purpose in your professional life
There’s nothing better than an investment that combines profit and purpose, and there’s no sector better equipped to do that for you than the healthcare sector. If, after reading this article and discovering what’s out there, you’re more sure than ever that you’d like to enter the healthcare sector, stay on Point Franchise and continue your research. Find out the top four healthcare franchises in the UK, or discover six tips for marketing your healthcare franchise.
Lily Sweeney, Point Franchise ©