Home Health Franchise Opportunity
Why enter the home health industry?
As our population ages, more and more people are choosing to recover from personal health issues in the comfort and familiarity of their own home. USA Today News reported that home health care is one of the ‘top five’ most profitable businesses in the United States. The article cites high owner satisfaction and quick returns on investments, with newer agencies typically averaging 12% to 15% net profit with an average annual revenue of $248,000. Thanks to high demand, low overhead and a respectable return on investment, home health care, specifically for senior care, is prospering.
According to the Census Bureau’s “middle series” projections, the elderly population will more than double to 80 million between now and the year 2050. By that year, as many as 1 in 5 Americans could be elderly. Most of this growth should occur between 2010 and 2030, when the “baby boom” generation enters their elderly years. During that period, the number of elderly will grow by an average of 2.8 percent annually.
What is potential revenue opportunity?
According to the President of the National Private Duty Association, and as cited in a recent USA Today article, newer agencies typically average 12% to 15% in net profits and an average annual revenue of $248,000. A Franchise Business Review survey, also cited by USA Today, reported that top home health franchises grossed $1 million or more, with gross margins at 30% to 40%.
What is Included in an ASB Home Health Franchise?
The franchise offered is for the operation of Medicare Certified home healthcare agency which provides Medicare Certified, non-medical Accredited and private pay skilled medical and non-medical services, home healthcare, hospice care and personal care aide assistance. We provide a complete turn-key home health care startup and operational solution providing complete upfront training, ongoing support, education and guidance in an effort to achieve the same local success Always a Step Beyond was founded on. For more specific information on the ASB Home Health Franchise opportunity, click here.
What are the characteristics of the ideal franchisee?
Franchisees at Always a Step Beyond, one of the nation’s fastest growing home health care franchise systems, are diverse in background and experience, but all have a passion for helping others.
Current franchisees include doctors, attorneys, CPA’s, executives from information technology, sales, marketing, human resources, and nurses, to name to name a few. Always a Step Beyond franchisees are typically between the ages of 30 and 60 and have liquid assets of more than $200,000 and a net worth of more than $300,000.
A successful Always a Step Beyond Franchisee should embody the following characteristics:
- Team player
- Outgoing personality
- Confident being out in the community
- Strong networking skills
- Comfortable in a direct sales environment
- Strong management and communications skills