Home Healthcare Industry

January 15, 2021

by a searcher in San Francisco, CA, USA

I am curious about home health care businesses, among other things it has a "giving back" component in it.

It seems there is plenty of growth potential but this space is crowded by franchises. Interested in finding some data around # of franchises and non-franchise entities in-home health care how are they performing at a high level or any pointers would be helpful.

I am also curious if anyone has looked at a franchise resale and what were some of the lessons learned.

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Reply by a searcher
from Purdue University in Cleveland, OH, USA

Hi Amby, I did a lot of research on this industry in 202o and looked at multiple Franchises. There is a lot of demand in this industry due to the baby boomer demographic, however, there is a lot of competition as well. The biggest challenge is caregiver turnover and finding reliable people. A lot of franchises I came across were setup to make money for the Franchise itself but not so much the Franchisee, although there are some good home care franchises out there.

Reply by a searcher
from Georgetown University in Minneapolis, MN, USA

Hi Amby, I’ve been in the home health care industry for 11 years. I agree with Anchit’s comments about franchises and I would add that your exit options are limited as well. But that is only a small part of the industry. Depending on what kind of business you want to run and what kind of problems you like to solve there may be more attractive options. I would be happy to chat sometime. I’m just thinking of launching my search and would appreciate making a connection with someone who recently took the plunge.

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