£14,850 Minimum Investment
My Homecare franchise providing homecare and live in services
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My Homecare offers a range of care services from domiciliary care, cleaning and domestic care to more specialist services such as live-in care and befriending.
With more than 15 years’ experience behind the company, My Homecare offers a nationwide service which responds to an individual’s changing needs. There is a network of branches of My Homecare around England and Scotland, each one is run by a professional and experienced care manager. The care provided can be tailored to an individual or a family and their needs – the process will begin with the care manager making a visit and assessment so they can put the most suitable package of care together. The team can provide as much or little support as is needed – from friendship and meal preparation to care for complex needs.
Every member of the My Homecare team has been fully checked, insured, trained and certified in accordance with Skills for Care.
If a live-in care service is the most appropriate, the family will be offered a choice of self-employed carers – all fully checked and overseen by My Homecare. The local care manager will be on call 24 hours a day.
The majority of My Homecare’s customers are elderly however the company also works with younger people who have an illness which prevents them from living independently in their own home.
Residential Care Homes
According to the UK governments care homes study 30th November 2017 the care homes sector is worth around £15.9 billion a year, with around 410,000 residents. They calculate that there are 5,500 different care service providers in the UK operating 11,300 care homes for the elderly. Approx 95% of their beds are provided by the independent sector (both for-profit & charities ). Government local authorities generally commission care services from independent care providers. On average the cost for a self-funder in 2016 was £846 per week (nearly £44,000 per year), while Local authorities paid around £621 per week.
UKHCA estimate that total local authority expenditure on domiciliary care services in the UK in 2014/15 was £3.9 billion. As personalisation or self-directed support policy progresses nationally,the uptake of direct payments has increased. UKHCA estimate that totallocal authority expenditure on direct payments in the UK in 2014/15 was £1.5 billion. There has been a trend in England over recent years for NHS Clinical Commissioning Groups (CCG) to purchase social care and health services from the independent and voluntary sector. In 2014/15 total CCG expenditure on non-NHS care services was £2.3 billion. At this time we do not have more detailed expenditure analysis available or domiciliary care specific expenditure data. Data on expenditure by people who self-fund their care is sparse. UKHCA estimate that expenditure on domiciliary care by self-funders in 2014/15 was £713 million.
With this very large and apparently growing sector there are many different opportunities to start a business with a domestic & care home franchise, providing care in peoples homes via a home care franchise or domiciliary care franchise or setting up a residential care home franchise business.