How Senior Care Franchises Are Making a Positive Impact for Everyone

senior care franchises

High-Quality Senior Care Concepts are Scaling with Franchise Models That Work Well and Make for an Incredible Quality of Life

We’re seeing a boom. Senior care franchises are in high demand and for good reason. Many people will need long term care solutions in their life. By 2060, the Population Reference Bureau predicts the number of seniors living in the U.S. will more than double to 100 million thanks to the Baby Boomer generation (those born between the years 1946 and 1964). This generation is moving towards retirement and, eventually, senior care is projected to surpass the number of children by the year 2030 for the very first time in U.S. history. The explosive growth that we are seeing of the senior population means increased demand for senior services of all kinds, including senior assisted living homes.

There’s a huge positive in this growth for everyone involved — families and seniors alike — and that’s due to the availability of quality care thanks to franchising. These high-quality concepts (which we’ll jump into in a moment) are scaling with franchise models that work well and make for an incredible quality of life.

There are few certain things in life, but one thing is for sure — none of us are growing any younger, so it’s crucial to get the systems in place that will benefit us as we all move towards our golden years. With enough foresight, the comfortable, streamlined senior assisted living franchise model can be the long-term staple that will benefit us all.

What are Senior Assisted Living Homes?

This year has seen even more of a reason to move away from the industrial, hospital-like conditions that have been popularized by nursing homes. Senior assisted living facilities have differentiated themselves from nursing homes by creating home-like environments that provide for opportunities of normal activities, chores, and scheduling. 

Imagine a home within a neighborhood — the school bus rolls through in the afternoons, people are walking their dogs and pushing strollers, music is coming from a driveway — this is the environment that senior assisted living homes are in. Places like Avendelle, a national senior assisted living home franchise, or Senior Retreat, a company that boasts a boutique residential atmosphere headquartered in Charlotte, North Carolina, have understood the power of family-like environments for the overall, well-rounded health of the residents. These homes are meant to mimic the look and feel of “normal” homelife, boosting quality of life for the residents and their families.

Why Invest in a Senior Care Franchise? 

We already touched on the sheer numbers that make sense for this sort of investment. There is no shortage of aging people. To reiterate the stat from above, a senior population of 100 million is predicted by 2060. Oftentimes these facilities have memory-specific care, catering to the growth of Alzheimer sufferers, which is predicted to increase from 5 million in 2013 to nearly triple that number by 2050, 14 million people.

The profit margins within the senior care assisted living space are very attractive. Less employee turnover and long-term residents make for lower overhead. The utilities are for a 4- or 6-bedroom home, not an industrial-type facility. The staff and the residents form bonds and a home subculture that is second-to-none. Visitors — the families overseeing payment of such arrangements — can see this and will most likely keep their loved ones in these homes as well, which translates into dependable recurring monthly income. The dependable residential real estate investment is an added bonus.

Finally, we cannot go without saying that this is a positive, passion-driven career. Owning a senior care franchise, no matter the type, just feels good! There are a variety of types that we didn’t cover today. One is Mobility City, a company that brings wheelchairs and any needed repairs straight to the customer. This brand already has 40 franchises! Another, Always an Angel, is a senior homecare company that provides non-medical care within the comfort of their client’s home. A senior care franchise is an investment that goes beyond the dollars and cents bottom line — this is an investment in the emotional, mental, and physical care of the generations that come before us. We can feel good with our senior care franchise and know that we are making a positive impact on everyone involved in multiple ways!

 

 

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Chris Conner has been a franchise consultant working with business owners and brands to support growth through franchising since 2001. His experience in the franchise development industry started with a Chicago-based franchise consulting firm where Chris had the opportunity to work with a variety of successful franchise systems including Jimmy John's, European Wax Center, 911 Restoration, Smash Burger, Marco’s Pizza, Mad Science Group and other franchise systems where he was able to learn the franchise development process and see firsthand the success that could be had in franchising when the right business model and right systems were put into place.

In 2009, Chris founded Franchise Marketing Systems (FMS), a company that provides strategic planning, development and sales for emerging franchise brands. FMS was developed in order to provide a full-service franchise development solution to new and existing franchisors. FMS provides strategic planning, FDD and Franchise Agreement development, Operations and Training Program development and Marketing Development to bring new brands to market as a franchise, then supports the franchise sales and marketing of the franchise. Chris oversees the FMS team and works directly with clients to execute the franchise development process, supporting planning, development work, franchise sales and franchise operations implementation work.

Since 2009, FMS has developed over 700 franchise brands globally and has a team of over 38 franchise consultants. FMS has developed successful franchise brands including Anytime Fitness, Baxter Healthcare, Blimpie, Hungry Howie’s Pizza, Restoration 1, Smash My Trash, Two Men and a Truck, Medifast Weight Loss, Matco Tools along with others. The FMS Team has been able to align with brands and franchise systems with a unified, consistent approach focused on growth, systems and transitioning from company-owned businesses to a scalable franchise system. Chris holds a Bachelor’s Degree in Marketing and Management Information Systems from Miami of Ohio University and an MBA in Finance from DePaul University in Chicago. He is married to Dr. Alaina Conner and has two children, Ashton and Jameson who make every day exciting, full of adventure and sometimes stress.
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