Healthcare franchising is on the rise. As the population lives longer, the need for quality care and the agencies that deliver it are increasing. Franchising provides a unique way for individuals to enter into this market whilst receiving guidance and support. Often healthcare franchisees require no medical background, have a low investment and a high revenue value which is why healthcare franchises are so desirable.
Here are several reasons why you should start your own healthcare franchise now.
Increasing demand for elderly care services
The demand for elderly care services is forecast to grow sharply because of an ageing population. The number of people aged over 65 is set to increase to 1 in 5 people in England by 2030. This forecast will cause a huge impact on the already strained healthcare industry with the need for nurses and healthcare staff rising.
Low investment
Compared to other franchises, healthcare franchises have a relatively small investment figure. A franchise from Kare Plus will cost you around £40,000 whereas a fast food franchise such as McDonalds can cost between £200,000 and £500,000. The main investment in a healthcare franchise primarily comes from marketing, recruiting and training staff and setting up an office space.
High revenue
From a relatively low investment, healthcare franchises can drive high revenues. Franchise territories are usually larger in the healthcare industry, meaning there are more opportunities to grow your business.
You don’t need a healthcare background
Many of our franchisees aren’t medical professionals. Some do come from nursing backgrounds, but there are also accountants and business professionals. What’s important is that you’re highly motivated, passionate about the industry and have the drive to succeed. You’ll have the support of the franchisor to help you along the way.
A proven business model
When you buy a Kare Plus franchise, you are buying into a system where the franchisor already knows what works. This means there is less risk involved and you may find it easy to make a profit quickly.
If you would like to find out more about operating a healthcare franchise with Kare Plus, download our healthcare franchising white paper. Alternatively, you can contact the Kare Plus franchise sales team on 01952 783 338 or franchising@kareplus.co.uk.
