What are the best care home franchises and what is the cost of care home franchise opportunities?
According to the governments care homes study published 30th November 2017 the care homes sector is worth around £15.9 billion a year in the UK, with around 410,000 residents. They calculate that there are around 5,500 different providers in the UK operating 11,300 care homes for the elderly. Around 95% of their beds are provided by the independent sector (both for-profit and charitable providers). Local authorities generally commission care services from independent care providers. We estimate that the average cost for a self-funder in 2016 was £846 per week (nearly £44,000 per year), while Local authorities on average paid £621 per week.
With this huge market, surely set to continue to grow due to an ageing population care home franchises provide an excellent opportunity for anyone seeking to set-up their own business via care home franchise opportunities in the UK.