According to thestreet.com, in the past, elderly people with no family to care for them were often faced with the only option available – a nursing home – once they were unable to live independently.
No longer. Successful franchises are cropping up as entrepreneurs react to a growing demographic -- people living longer who are not necessarily ill, but who need help with basic living functions. Things such as cooking, cleaning, taking medication and personal hygiene are provided at an affordable cost. The entrepreneurs’ work enables senior adults to stay in their homes longer.
The need for senior care services and products – both medical and nonmedical – will become even more pressing in years to come. Not only are the baby boomers’ parents living longer as they age into their own sunset years, they too will need these services. And this age group has money to spend.
According to census data compiled by one home care company, an estimated 36.8 million people – 12.4% of the U.S. population – are 65 and older, a figure expected to double by 2026. Those older than 85 are projected to roughly double from 4.7 million in 2003 to 9.6 million in 2030.
Who will care for them? As the owner of a SYNERGY HomeCare franchise, the answer is you. The growing needs and concerns of 34 million Americans, soon to be 70 million, will be your business.
SYNERGY HomeCare’s level of service and turnkey management technology is unmatched in an industry already experiencing growth and is poised for exponential expansion over the next two decades. Our own growth is unprecedented within the franchise community, and our support team will be with you every step of the way.