£15,000 Minimum Investment
Promedica Plus Care Franchise
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.