(Sponsored Post About A Senior Home Care Franchise Opportunity)
By 2027, (according to SeniorLiving.org), the amount of money spent on senior care services will be close to $200 billion annually. Why does that matter?
Because in 1960, that number was a measly $57 million.
To put that into perspective, I found this interesting comparison on Thoughtco.com
One million pennies stacked on top of each other would make a tower nearly a mile high.
In contrast, one billion pennies stacked on top of each other would make a tower almost 870 miles high.
No wonder senior care franchises are so popular.
That said, please allow me to introduce you to a senior home care franchise business opportunity I’m very familiar with. As a matter of fact, I even know the CEO.
I met Shelly Sun back in 2007, when as a young franchisor, (and CEO) she was participating in a franchise brokerage conference. (Disclosure: I’m a recovering franchise broker) Anyway…
After Shelly did a (very personal and super-professional ) presentation on her franchise opportunity, I sprinted to the back of the room. That’s where she was standing…surrounded by other brokers. I
wanted had to meet her.
That’s because out of all the franchisors who presented their franchise opportunities that day, Shelly’s presentation was first-rate. Actually Shelly stood out. There was something special about her-and her franchise concept. I knew it was going to be big.
Notably, Shelly’s presentation rocked because it was authentic. That’s because she told a story about her own frustrating search for senior home care when, back in 2001, an elderly family member was in need of quality in-home health care.
In a nutshell, she described how she banged her head against the wall for months as she went through agency after agency, only to find that they were all fairly inexpensive one-size-fits-all businesses. She referred to them as the “Wal-Marts of senior care.”
In short, none of them lived up to the standards they expected…or wanted for her loved one. And that was her opening. She saw a gap in the market, and by October of the following year, she launched BrightStar Care®.
What Does Brightstar Care Do?
BrightStar Care (with 330+ franchises in the U.S.) provides the full spectrum of home health care services for families and individuals who need it.
As a franchise owner, you’ll have the ability to offer adult/elder care, childcare, along with medical* staffing services for individuals, families, and even health care facilities.
*Most of your competition only offers companion and personal care.
And as a BrightStar Care franchise owner, you’ll earn accreditation from The Joint Commission*, which is considered the highest standard for health care organizations. This dedication to high standards sets BrightStar Care apart from the competition and provides your clients peace of mind knowing that they’re being cared for by a superior organization.
*When I told my wife, who’s been a health care professional for over 30 years, about BrightStar Care and the fact that their franchisees were accredited by The joint Commission, here’s what she said:
“The Joint Commission? Really? They look at everything you do as a health care provider. If you’re doing something wrong, they tell you, and you must fix it to keep your accreditation.” Clearly she was impressed.
Senior Home Care Franchise Offers Multiple Streams of Income
It’s a known fact you should never rely on only one income stream.
Well I’m happy to tell you that as a BrightStar Care franchisee, you’ll have 3 different revenue streams. They are:
1. Skilled home care, which includes medical services and nursing care
2. Personal care, which includes thing like dressing, grooming, and help with mobility
3. Companion care, which usually includes helping patients get to doctor’s appointments etc., and assisting them with their general well-being
The bottom line?
You’ll have ample opportunities to bring in revenue and grow your senior home care franchise business.
Finally, your initial investment for a BrightStar Care location ranges from $93,048 to $154,307, depending on real estate and labor costs in your market. Additionally, you need to have a minimum of $200,000 in liquid assets.
The Tip Of The Iceberg
I’ve only given you the tip of the iceberg when it comes to the BrightStar Care franchise opportunity. Heck, I haven’t even told you about BrightStar Care’s multi-million dollar proprietary technology platform that leaves other senior care franchises and independents in the dust.
The Bottom Line?
If you’re serious about looking into a senior care franchise, you need to request information from BrightStar Care using the form below.
I can’t wait until you meet Shelly.