New report identifies senior home care as one of the fastest growing franchise industries in the nation.
Although it has historically been considered a stable investment option, senior care franchising is now one of the hottest business trends in the U.S., according to new data released by market research firm, Franchise Business Review.
The report was based on a review of 35 senior home care franchise companies as well as interviews with CEOs and more than 1,300 franchisees. In 2012, senior care franchisee satisfaction outpaced benchmarks in every category ((Training & Support, Franchise System, Leadership, Financial Opportunity, Core Values, and Franchise Community). Additionally, senior care franchisees’ overall satisfaction was 11% higher than Franchise Business Review’s general business satisfaction benchmark.
“In the past two years, the number of senior care companies on our annual list of top franchises has increased, and franchisee satisfaction in the sector as a whole just continues to go up,” said Franchise Business Review president Michelle Rowan.