Reasons to start a homecare business
Franchise opportunities exist in all sectors, so why choose one in home care?
Why choose the homecare sector?
- A growing market.
Among home care providers surveyed in July 2021, 32% said demand had increased, and 57% said it had significantly increased. (Home Care Association 2021)
A large unmet demand.
Requests for adult social care support soared to 1.9 million in 2019-20 but around 29% of them resulted in no care being delivered. (King’s Fund, 2021)
- The UK population is ageing.
Around one in five people in the UK is over 65. By 2042, this will increase to one in four. The numbers of people aged over 85 – the group most likely to need health and care services – was 1.6 million in 2018 and is projected to rise to 3.5 million by 2048 and 5.1 million by 2066. In 2019 there were 13,330 centenarians – 11% up on 2018. (ONS, 2020)
- The satisfaction of making a difference in your community
The number of older people experiencing loneliness is expected to reach 2 million by 2025, so private companionship services are more important than ever. (Age UK)
An essential service with year-round demand
A home care franchise benefits from all-year-round demand, which generates consistent cash-flow for you as the business owner, and more predictable costs.
Walfinch care is not limited to the over 65s and people with dementia. We offer a wide range of care services for over-18s, including care for specialist health conditions, convalescent and after-stroke care, live-in care and care for adults with learning disabilities, so you have the potential for multiple income streams.
For a list of our services visit our consumer website.
Home care has proven itself to be recession-proof. As an essential service employing essential workers, a home care franchise operates in all economic circumstances.
The UK government and NHS actively promote at-home care services.
Why start with a franchise?
You could start a home care business on your own, but this is a sector where the utmost attention to quality of care is essential, and it is, rightly, highly regulated. The expertise required to run a home care business makes this a tough sector to get into on your own.
Setting up your business with an established franchise run by experienced people who know what’s required is a much easier option.
Investment in a franchise secures you a business in a box. You gain immediate access to:
- A finely-tuned business model
- The reputation of an established brand
- A launch plan
- Optimised operating procedures and systems
- Business guidance
- Ongoing training to keep you ahead of changes in the market
- A network of like-minded franchisees