1851

One of the hottest trends in franchising these days isn&#8217;t sit-down restaurants or real estate. It&#8217;s seniors. Providing home-health aides and other services to older Americans is a fast-growing business, as brands and franchise owners seek to capitalize on an aging U.S. population and low costs of entry. &#8220;There is no way to lose with the demographics we see,&#8221; said Claudine Halpern, chief operating officer of My Elder Advocate LLC, a recent entry into franchising. &#8220;All of us are planning on living until 100.&#8221; Ms. Halpern and her husband, Jack, decided two years ago to expand his eight-year-old New York City business, which helps senior citizens and their families navigate the world of elder care. The couple have sold two franchises for $39,500 each this year. The Halperns aren&#8217;t alone. Over the past three years alone, the senior home-care sector has grown by 6.6% annually, faster than the overall franchise industry&#8217;s 2.6% compound annual growth rate, according to market researcher FRANdata. About half of home-care agencies are now franchises, up from about one-third five years ago, according to Home Care Pulse LLC, a market-research firm. <a href="http://www.wsj.com/articles/hot-franchising-trend-services-for-seniors-1470821404?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-wall-street-journal-business-is-booming-for-senior-care-franchises-5489" target="_blank" rel="nofollow" target="_blank">Click here</a> to read the original article.

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Over the past three years, the senior home care industry has grown by 6.6% annually.

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The Wall Street Journal: Business is Booming for Senior Care Franchises 

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