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Franchised business - adult care

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randallg99

Bronze Contributor
Aug 9, 2007
1,390
179
92
NJ
a while back, I was exchanging ideas with Janet and a couple of biz ideas I had did not meet the criteria that Janet had created....

after doing continuous research, the biz listed below is metting lots of my criteria such as catering to a growing population with money...

I am eager to find out what are peoples' thoughts regarding this business? and if anyone has any first hand experience with this franchise or others.

Thanks in advance for any input, thoughts, ideas...

http://www.adultdaycarefranchise.com/

  • The elderly population is the fastest growing segment in the U.S.
  • The number of people over 65 years of age will grow to 53 million by 2020.
  • By the year 2010, one in five Americans will be over the age of 65.
  • Average life expectancy has increased 15 years since the founding of the Social Security System in the 1930's.
  • Nearly one out of every 4 U.S. households provides care to a relative or friend aged 50 or older.
  • About 15% of U.S. adults care for a seriously ill or disabled family member.
  • About 13.3 million people, are spouses or adult children of disabled older people and have the potential responsibility for their care. Of these, about 85% are adult children.
 

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bflbob

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 25, 2007
1,906
380
142
Endicott, New York, United States
The company I'm controller for builds, owns and manages Senior Living Facilities in three states. http://www.thehearth.net/

There is good money in it, but you need some pretty deep pockets in order to get started.

Our average building is around $10mil to build.
Then you need to deal with licensing for the nursing staff.
Worker's Comp is also a biggy (lots of lifting).

I'm not sure about the franchising...we've built our own brand and are now managing for other investors.
 

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