The elderly care market is witnessing unprecedented growth. For those interested in starting a business with a real and positive impact, investing in an Always Best Care (ABC) franchise can be an excellent opportunity. This franchise offers multiple sources of income, while covering one of the most urgent and growing needs: the care of the elderly. In this article, we’ll explore the advantages of investing in Always Best Care and how you can be a part of this growing industry.
Why Invest in Always Best Care
Always Best Care is a one-of-a-kind franchise as it combines three revenue streams from a single referral stream. By offering non-medical home care, assisted living referral services , and home health care, franchisees can diversify their income without having to invest in multiple lines of business. This structure allows franchisees to take full advantage of the opportunities offered by the elderly care market.
In addition, Always Best Care has been recognized annually by Entrepreneur Magazine as one of the top senior care franchises in the United States, and is featured on several lists, including Top 50 Franchises for Minorities and Best Franchises for African-Americans. These distinctions reflect the strength and reputation of the brand, which can result in greater local recognition and customer trust.
An expanding market
The demand for care services for seniors is growing rapidly. In the United States, more than 10,000 people turn 65 every day. The increase in the population over 65, combined with baby boomers ‘ growing preference for aging in their own home, is driving demand for home care services.
How does this affect your franchise?
By being part of Always Best Care, you’ll have the opportunity to capitalize on this “aging at home” trend by implementing a proven business model that delivers quality services. This will allow you to cater to a growing market, and help you create a steady source of revenue by combining multiple services under one threshold.
Benefits of Always Best Care
Always Best Care offers an excellent opportunity to invest in an ever-growing industry, providing key benefits that enable franchisees to achieve profitability from the start. These benefits include:
Revenue diversification
One of the main advantages of investing in Always Best Care is the ability to generate income from three different sources: non-medical home care, assisted living referral, and home health care. ABC diversification allows you to mitigate risks and increase your chances of making money from the start.
Growth with support
Although building a successful business in the senior care sector takes time, Always Best Care provides a strong support system that makes it less difficult. From the outset, franchisees benefit from a number of pre-existing relationships with domestic partners that can translate into immediate revenue. In addition, Always Best Care offers ongoing training to help you develop and maintain a strong reputation in your community.
Semi-passive business model
As your business grows, Always Best Care allows you to opt for a semi-passive ownership structure after one year. This means that once you’ve established your business, you’ll be able to work 15 hours or less per week, so you can enjoy a more flexible lifestyle while still earning an income.
How much does an Always Best Care franchise cost?
Acquiring an Always Best Care franchise is an investment that offers a low initial cost compared to other options on the market. The investment range to open an Always Best Care franchise varies between $89,725 and $145,900, depending on various factors such as the size of the territory, the initial operating costs and the type of location or infrastructure required. This amount covers:
- Franchise fee: $49,900.
- Cost of start-up operations, which include marketing materials, training, and other expenses related to starting up the business.
- Additional operating expenses, such as the cost of local and national advertising, ranging from $800 to $2,300 per month, depending on the scale of the operation.
- Monthly royalty of 6% on gross sales, which is standard within the industry and covers ongoing support and training provided by the franchise
- In addition, it is required to have a minimum liquid capital of $30,001 to start the operation, and a minimum net worth between $100,001 and $250,000.
If you are interested in learning more details about investment costs and how they are distributed, we invite you to schedule a free consultation with us. At Interlink FBC, we can thoroughly explain all the associated costs and how this investment fits your expectations and financial capacity.
*Data as of the date of publication of this article
*Values expressed in US dollars
Key Facts About Caring for the Elderly
The elder care industry is booming, and the data shows why. According to the National Institute on Aging, 80% of older adults suffer from at least one chronic health condition, and 50% have at least two. This growing need for medical care and daily assistance creates an ever-expanding market for home care services.
In addition, with advanced medical technology and improvements in health care, people are living longer, which further increases the demand for long-term care services. Baby boomers are demonstrating a strong preference for staying at home rather than moving to a nursing home, creating a significant opportunity for home care franchises.
In this context, investing in a franchise like Always Best Care is an excellent opportunity to generate income while making a difference in people’s lives.
If you’re interested in learning more about investing in Always Best Care or other related franchises, schedule a free consultation with Interlink FBC.
