The nationwide home care company, Guardian Angel Carers, is expanding business franchise opportunities to enable entrepreneurs to effectively meet local needs with an established business.
The UK home care company business franchise model, is designed to combine a strong support structure and award-winning training and staff retention processes with localised knowledge, and community engagement, with a high success rate across the franchising space.
Growth in Private UK Home Care
An Intelligent Living Media report in August 2022 provides insight into the home care opportunity. It reported that the 3.2 million people living in the UK aged over 80 are expected to quadruple in the next 18 years, multiplying requirements for skilled care many times over.
UK care facilities currently contribute around £15.9 billion to the economy, with a care home market valued at £7.7 billion, anticipated to grow 1.4% every year. However, the care home and residential care model is hampered by political volatility, increasing running costs, and low public sector pay.
Between 2019 and 2020, in contrast, the number of people receiving home care services grew from 5 million to 12 million, an astonishing increase of 140%.
A lack of care home spaces, shortages in adult social care provision and staffing issues, coupled with concerns around the safety of residential care following the pandemic, has seen demand and interest in home care reach record levels, creating an environment where professionally managed, highly rated home care agencies can scale and grow at never-before-seen rates.
Forecast Expansion in the Home Care Sector
As of August 2022, ADASS, the Association of Directors in Adult Social Services, found that 300,000 people were waiting for a care assessment, reflecting a 44% increase over five months, with waiting times stretching to six months.
In addition, almost 40,000 people had received a care assessment and were evaluated as needing care but were still waiting, either because of delays in implementation or backlogs of care financing supplements from local councils.
To compound the scenario, over 210,100 individuals were in receipt of care or financial support and were pending reviews considered overdue under the Care Act.
There is simply too much pressure on an overburdened public health sector that does not provide universal point-of-treatment access to free home care and cannot keep pace with demand that continues to surge in volumes that far exceed service capacity.
Private home care has grown rapidly in response to these gaps in care, offering families the ability to source tailored support, without waiting periods.
The Opportunity for Home Care Franchise Owners
Disseminating home care management to local owners has proven to be a successful, and profitable model, not only delivering well-paid employment to communities at well above public sector pay rates but ensuring families and people have the care they are so in need of.
Vikki Craig-Vickers, the Guardian Angel Carers Head of Operations, says, "With over 10 years experience of running our highly successful owned branches, we know what works and how to meet client and industry expectations. We have implemented our proven reporting and financial models into our franchise model."
Home care is considered a desirable investment sector for business investors, including mainstream banks, with franchises supported by professional brands typically exceeding their forecast sales targets.
Franchisees invest the initial franchise fee of £28,500 (plus VAT) and have seen large returns, working with the head office for access to guidance and support in terms of colleague training, recruitment, marketing and regulatory compliance.
Christina Handayde Dick, Founder & CEO of Guardian Angel Carers, says, “We estimate an established homecare franchisee hitting operating profits of between 15% and 20% before owner drawings, and financing repayments, within the first three years.”
The organisation operates in 14 locations, ranging from Chichester and Worthing in West Sussex to a Lincoln and Newark branch and home care centres in York and Wimbledon.
Success Rates for Franchise Based Business Models
The advantages of launching a new home care business as a franchisee are established. One of the primary benefits is entering a sector with reduced risk and backing from an advisory team and reputable brand well-versed in the regulatory, quality and staffing environment so specific to home care providers.
Investments are low-cost and available nationwide, without restrictions on locations, opening home care franchise investments to business people, professional carers, and those with a background in start-up business development or within adult social care to achieve ownership of their own business.
Guardian Angel Carers incorporates a variety of specialist home care provisions within its growing network, including skilled care for dementia, Alzheimer’s, mobility care, post-hospital support and stroke rehabilitation care, creating diverse pathways for new home care franchisees to focus on either general domiciliary and personal care, or more highly skilled care services.
The British Franchise Association reports that under 1% of franchise owners close during the first 12 months, 93% are profitable, and the sector now employs 710,000 people with a market worth £17.2 billion per year.
Publisher:
Woya Digital PR
Source: Woya - Digital PR
Release ID: 530680
