Trends and Facts About Health Care and Home Care Franchises
Facts About Home Care Franchises in Australia
Demand for the Australian home care industry increased by 19% over the past 12 months, while qualified providers decreased by 2.4%. Even worse, per the KPMG, the number of Australian aged care facilities in general shrank 3.4% even as government spending in both sectors rose 41% from the previous year. Now for the good news — this lack of home care businesses available to the Australian community gives you a unique franchise opportunity.
Many independent providers for seniors and people with disabilities cite rising regulatory requirements as to why they're exiting the home care services industry. Fortunately, aged care franchise opportunities offer support for franchised providers so they don't have to navigate issues like compliance on their own. These franchise opportunities for health care and home care help you learn what you need to know — no formal medical training is required. Each franchise opportunity provides you with everything you need to start a business with heart, including the training you require.
Benefits of Investing in a Home Care Franchise
Aside from helping with regulatory compliance, a home care franchise offers numerous other benefits. For instance, this type of business opportunity also helps you establish trust from the get-go via the franchisee's brand name recognition. Brands trusted by the general public tend to perform better than unknown home care services, and that's because the disabled, seniors, and their loved ones want assurances of high-quality care before they even pick up the phone or fill out an online contact form. Even better, some franchisees offer franchised providers client lists or have customers waiting for high-quality care in their areas, helping them get the word out and build their own reputation as a business with heart.
Additionally, the structured business model provided by the franchisees boosts your confidence because it's a tried-and-true plan for success that others have followed before you. While there are initial investment costs for each franchise opportunity, the excellent support and training you get make the cost worth it in the long run. Franchised providers, in general, boast higher success rates than standard businesses. The franchisee handles all the little details that can tie up money and time for independent providers, giving you more time to bond with the disabled and senior population under your care.
Top-Notch Home Care Franchises
When you're looking for a business opportunity in the home care industry, consider our listing of disability and aged care franchises that serve the Australian community. Committed to high-quality care for the senior population, these home care businesses offer a range of services, from driving the disabled to appointments to providing seniors with dementia care. Helping others maintain a high quality of life is always the goal, whether they need disability care that lets them continue living at home with dignity.
A growing number of people want to age in place, or stay in their homes while receiving the level of care they need based on their conditions. This means an aged care franchise is a prime business opportunity when you want to give something back to the Australian community. To give you an idea of how working with each franchisee works, we do all the research legwork for you by laying out fee structures and initial investment details along with testimonials and success stories from satisfied franchised providers.
Franchising vs. Independent: What Works Best?
Independently operated home care services have left the business, leaving the Australian community short 2.4% from the previous year. Those leaving the home care industry cite numerous reasons, but most of all, stringent regulatory requirements. Compliance issues continue to be a concern for a home care business, making the support of a home care franchise a great business opportunity. Ready-made admin systems and help from on-site experts set you up for success while providing high-quality care to the senior population.
Disability and aged care franchise opportunities also ensure you get the training and support you need in any home care business situation. Compared to starting an independent business, fee structures for a home care franchise are often more affordable — or accessible via bank loans — when you want to take your place in the Australian home care industry. In fact, many banks and money lenders prefer loaning customers cash for franchises because they generally boast a higher success rate than independent operations.
Learn all about home care franchise opportunities at Franchise Direct. We provide all the information you need to choose the right franchise opportunity for you, laying out every aspect of the home care business so you know what to expect before you reach out to the franchisee.