CINCINNATI, OHIO — FirstLight Home Care has earned a place on Forbes’ annual “Best Franchises To Buy” ranking for the second consecutive year, taking the third spot in the low investment category. On the 2019 list, FirstLight jumped seven spots from the tenth to the third position, demonstrating the brand’s exceptional growth over the past year. The annual “Best Franchises To Buy” list recognizes 60 U.S. franchises and ranks them from best to worst opportunities for investors. Each of the ranked brands have also been analyzed in collaboration with industry research firm FRANdata.
According to FRANdata, it’s the only company with access to more than 40,000 Franchise Disclosure Documents (FDDs). By using analytical tools, FRANdata was able to measure each franchise’s true performance of success and rate them based on investment level. According to Forbes, FirstLight Home Care has grown 19.10% over a five-year growth rate with more than 170 total units.
Jeff Bevis, co-founder and CEO of FirstLight Home Care, was ecstatic to hear the news of breaking into the top three on this year’s Forbes’ “Best Franchises To Buy” list.
“We are honored and proud to say the least. Improving from No. 10 to No. 3 all within a year is fantastic. We are always trying to improve our business model and fuel development, and this is proof that we are one of the best opportunities in the industry. The momentum is there, and we now have our sights set on hitting that No. 1 spot next year.”
As a leading home care franchise, FirstLight’s services range from senior care to veteran care — and they don’t stop there. FirstLight caregivers can assist any adult in need of extra care, ensuring that the brand is there to give support to loved ones and help with any obstacles along the way.
This ability to tap into demand across a wide customer base positions FirstLight for continued expansion, especially as the in-home care industry is the #1 growth industry in the United States. Additionally, FirstLight has shown significant growth in 2019 by opening 14 locations across the U.S. FirstLight is also looking to build on that momentum by actively targeting Greater Philadelphia, Miami, Seattle, Dallas, Pittsburgh, Los Angeles, Minneapolis, San Jose, Greater Hartford and Montgomery for development.
“We are growing at a very rapid and strategic rate. With the ever-growing need for home care among the Baby Boomer generation, we’ve got a strong tailwind and distinct advantages that have us perfectly positioned to build on our growth. I think that’s why we moved from the No. 10 spot to the No. 3 spot all within a year,” said Jamie Davis, Executive Director of Franchise Development.
For more information on FirstLight Home Care’s franchising opportunities, visit https://www.firstlightfranchise.com/.