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Senior Care Franchise & Business Opportunities

Senior Care Industry

General Senior Care Industry

The senior care industry has been doing very well in recent years in response to the increasing number of senior citizens with the maturation of the baby boomer generation. As that population reaches age 65, the senior population is estimated to exceed 83 million, which is almost double the approximate number in 2012 and around 20% of the total US population. Almost 10,000 people on average will turn 65 every day for the next 20 years. The senior care industry is growing to meet the demand. Starting in 2018, the American senior care business industry revenue has been growing at an annual rate of 3.3%, and it is expected to continue along this trajectory. The current market size for the franchise sector of this business is around 11 billion, and it employs around 400,000 workers throughout around 11,000 businesses in the U.S. The entire senior care industry is estimated to be worth around 400 billion in the U.S. right now.

Senior Care Industry Trends

With such a large (and constantly growing) market of seniors to tend to, franchises that center around senior services have been rapidly growing and expanding into different areas, such as transition services to keep up with the consumer demand. While there has always been a sufficient amount of senior care franchises, they have traditionally been predominantly focused on day-to-day assistance and companionship. There has been a gap in outlets that assist seniors with more out of the ordinary/ transitional tasks like moving, home and schedule organization, or the conductions of estate sales. In response to this demand and others, senior care franchises are constantly adapting to keep up with the consumers needs.

Key Health Care Industry Numbers

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Paid-in-Full Rate

The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.

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Charge Off Rate

The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.

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SBA Loan Success Ratio

For every 16 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted. 

*SBA Loan Data from 2010-2019

*Non-Franchise Businesses taken into account: 43,447

Senior Care Franchise Review

There are many different forms of senior care facilities in the U.S. Assisted living, sometimes known as senior living or more colloquially as living in a retirement home, is one of the more common types of senior care seen today. In a franchise model, these locations are able to assist people who cannot or decide not to live on their own. Franchised home care is another common type of senior care. In this type, a nurse or other type of helper is brought in to either live full-time in a senior’s home and assist, or to spend a smaller portion of the day in the home.

Senior Care Franchising Trends

One major trend in the senior care center franchise industry is a shift toward more personal services. This has led to an influx of services like specific caregiver matching, a service in which a particular senior’s personal medical needs, likes, dislikes, and hobbies are analyzed in order to decide the perfect caregiver match.

Average Health Care Franchise Industry Percentage Fees

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Royalty Fee
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Marketing Fee

Standard Health Care Franchise Industry Investment

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This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 80 franchise concept investment breakdowns in order to calculate this figure.

0 %
Paid-in-Full Rate

The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.

0 %
Charged Off Rate

The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.

0 :1
SBA Loan Success Ratio

For every 10 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.

*SBA Loan Data from 2010-2019

*Franchise Businesses taken into account: 1,584

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