Top 5 Home Care Franchises

08/04/2019 08:00 | Start a business

Best care home franchises in the UK

Originally uploaded on 02/04/2018. Updated on 08/04/2019.

Why invest in a home care franchise?

According to recent data from the Office for National Statistics, there are over 15 million people aged 60 or over in the UK, representing almost a quarter of the population. In the next couple of decades, it's predicted that the figure could rise to 22 million to comprise roughly 30 percent of the population. In 2017, the UK government also published findings that suggested that the demand for care home places could rise by almost 90 percent in the next couple of decades, as nearly 190,000 extra people aged 65 or above will come to rely on care by 2035. Therefore, it stands to reason that the demand for home care franchises will rise significantly in the coming years.

 

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Top 5 home care franchise for 2018:

1. Radfield Home Care

Radfield Home Care is a family-owned healthcare business that was launched ten years ago. Offering home care services across the country, from Southampton to North Yorkshire, Radfield Home Care operates 14 branches which specialise in care, support services and domestic assistance for seniors living in their own homes.

The Franchise Model

Radfield Home Cares tried-and-tested business model enables franchisees to grow and manage their business efficiently so that they can provide the highest standards of care. This includes state-of-the-art digital technology, comprehensive marketing platforms and care-planning software to help franchisees build profitable and sustainable franchises.

What Youll Need

To become a franchisee at Radfield Home Care, you'll need at least £25,000 to cover the franchise fee and an additional £45,000 to cover your working capital costs. Fortunately, this franchisor has excellent relationships with numerous banks, which may be able to lend up to 50 percent of the value of your investment, so its one of the best franchises for people who are looking for flexible financing options.

2. Right At Home

In 2010, Ken Deary who had previously won BFA Franchisee of the Year for McDonalds established Right At Home in the UK, building on the brands success in the US. Since its UK launch, the care franchise has gone on to open 60 franchise branches and has cultivated a reputation as a premium quality home care business.

The Franchise Model

The Right At Home team concentrate on excellence and aim to provide the quality of service they would want for their own families. Right At Home carers are always there for their clients, and are able to support them 24 hours a day, seven days a week, 365 days a year.

In order to attain such a high standard of care, the franchise offers new franchisees enrolment on their dedicated RightStart programme, which provides invaluable information and guidance at the start of the franchising process. Franchisees will gain support with sourcing clients, managing finances and maximising marketing opportunities.

What Youll Need

Right At Home ask for a total investment of £120,000 and franchise fees of £33,500. If the business model is adhered to, investors could expect to see a turnover of £400,000 in just two years. While investors will not be able to launch their business without sufficient funds, little knowledge or experience is necessary to set up a Right At Home franchise. In fact, 95 percent of the business franchisees have not had careers in the care industry.

3. Ableworld

A leading provider of mobility and home care products, Ableworld allows older people to retain their independence and enjoy a higher standard of living. The business was founded in 2001 and offers various mobility and homecare products, ranging from walking sticks to stairlifts all of which are available at affordable prices.

The Franchise Model

Ableworld's business model includes two sources of revenue: a retail store outlet and a stairlift business with a defined franchise territory. That means its one of the best franchises to own for people looking for a more flexible income stream.

What Youll Need

Ableworld looks for people with the determination to build an ethical business and provide excellent customer service. Its franchisees come from a range of different sectors, from healthcare to retail. You can open your own Ableworld franchise for as little as £75,000. However, as this franchisor works closely with high street banks, you could borrow up to 70 percent of the total investment.

4. Heritage Healthcare

This family-run brand is passionate about helping people feel comfortable in their own homes. Heritage Healthcare was established in 2008 and now has multiple branches that all deliver impeccable standards of home care. In 2017, it was the proud recipient of the Emerging Franchisor of the Year Award.

The Franchise Model

Heritage Healthcare's business model is about providing a first-class service to its clients every time. Each franchise package includes comprehensive support with everything from finance to marketing, so you can get your new business off to a flying start.

What Youll Need

If youre interested in buying into a franchise with Heritage Healthcare, you should have a can-do attitude, managerial experience, good commercial awareness, a caring outlook and a desire to work to the highest ethical standards. The minimum investment required is just under £36,000, and the total investment is around £96,000.

5. Seniors Helping Seniors

This franchise supplies carers over the age of 50 to elderly clients across the UK. These carers are not medical professionals but help with day-to-day tasks such as meal preparation, light housekeeping and dementia care. Also, the franchise hires carers who are proficient in a huge range of languages to maximise their client pool.

The Franchise Model

New franchisees benefit from a five-day training programme and invitations to annual conventions and frequent team meetings to stay up to date with changes to the franchise industry as well as to Seniors Helping Seniors itself.

What Youll Need

Prospective franchisees should be prepared to make a minimum investment of £66,000, but figures suggest that the total cost of launching a Seniors Helping Seniors franchise could be around £108,000.

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