Tulsa Home Care Services Franchise
For many people, a typical 9-5 desk-job is just not their cup of tea. They are suited to handling more responsibility, leading from the front and being the one in charge. If you are such a person, you should consider a Tulsa home care services franchise.
Home care services franchising is hot. Market research indicates the global health care sector saw revenues reach nearly $300billion in 2020!
Owning a home care franchise gives you access to the profitable brand of an established company and gives you the standard guidelines that have guaranteed its success.
Why Tulsa Is Ideal For Investing In A Home Care Services Franchise
For those of you in Tulsa, Oklahoma looking to take control of your destiny, franchising might be one of the best options to consider.
If we combine the benefits that Tulsa’s economy offers with the benefits of investing in a home-care franchise, you may find it to be a wise choice to invest in a Tulsa home care services franchise.
As with the rest of the world, Tulsa has a growing aging population. The United Nations estimates the number of people over 60 will triple to over 2 billion by 2050. This means that the demand for home-care will be robust in the years to come.
With a growing aging population comprised of baby boomers determined to live on their own for as long as possible, the demand for home-care in particular has grown significantly. A study on aging conducted by AARP indicate that up to 89% of seniors wish to remain in their homes as long as they are healthy and able to do so.
Secondly, in contrast to other high cost franchise industries, home-care franchises typically require around $50,000 liquid and a total startup investment under $150,000. A McDonald’s franchise start up costs, on the other hand, can run over $1M dollars.
With a low unemployment rate, low cost of business, a robust business support network, and a growing job growth rate, it comes as no surprise that Tulsa ranks among the top 100 cities in the country for doing business. And its diverse economy means it has a market for wide-ranging services and products.
A profitable home care services franchise can generate 7 figures in gross sales. They typically offer several revenue streams ranging from in-home care to assisted living services. Funding sources are available for you to secure a Tulsa home care services franchise so it might be in your best interest to explore this option.
Am I Guaranteed Success When I Buy a Franchise?
Home care franchises have been seen to generate some of the most generous profit margins in the business. According to Franchise Business Review the average home care services franchise is grossing $1million or more in one year and can double or more in 2-4 years.
However, the reality is that starting a business from scratch involves a lot of risk and resources with no guarantee of success. And you might not be in a position to afford the risk and financial investment that a startup represents.
But, with a franchise you are given access to considerable support resources from the franchiser such as access to its systems, processes, marketing, training, and support.
A franchise offers the perfect combination of running a business by yourself and being your own boss and mitigating the risk and resources involved in starting a business.
Why Invest In a Tulsa Home Care Services Franchise
Some industries see more success than others in the franchising business. According to an article in Entrepreneur, healthcare was in the top ten of the list of the hottest franchise industries. Others such as home improvement, restoration services, fitness, childcare, and pets are also in high demand.
At the end of the day, however, home-care is a growing industry and it will only continue to grow as more and more people attempt to live life on their terms for longer. The average age of a home care client is between 80 and 85 years old. And, in recent years the age of those in care is reaching 100 years old, now one of the largest segments of growth.
Because of America’s aging population, the home care space is practically recession proof with nearly 10.8% of jobs in the U.S. dedicated to the health care sector.
With Tulsa’s strong economy, you can be rest assured that most of the elderly can afford home-care should if they are fortunate enough to choose so.
And, with the home care franchise industry’s relatively lower startup cost, it is a practical option for many.
So, if you are one of the people in Tulsa looking to be your own boss and make difference to the aging in Tulsa, investing in a home-care franchise is one of the best ways to go.
Contact us today or visit our Resources page to learn more about the best franchise for you!