Senior care franchises have been a hot sector, and continue to be even in recession. It’s no secret that the growing aging of the baby boomer generation has really just begun. According to the latest count, there were over 15 companies offering franchises in the elder care industry. Some of them are in operation for quite a while with some going back over 15 years. Prospective franchise buyers are often concerned about the time span of the franchise as well as the quantity of franchises offered. But it isn’t necessarily the most important thing to consider. The most important thing is the length of time the company has been operating before offering franchises for sale and the level of success achieved by the firm. ADL Caring Companions, “Caring Companions” for short has only been offering franchises for a brief period and their first franchisee came on board toward the end of 2010. Even though it’s a short timeframe, it’s only a part of the story.
Patrick O’Hare is the President and CEO of Caring Companions. He opened his first office in San Antonio, Texas in 2002. Another office was set up in North Dallas in 2004. He’s been constructing and expanding a successful senior care company for almost nine years. Before joining Caring Companions, Pat had an impressive career as a manager of mutual funds for a highly-rated insurance and investment firm. Visit:- https://www.fxhikaku.com/
After recognizing the need for senior care within his own family and a deficiency of real quality in the offerings at that time, Pat thought it was a rewarding business with great potential.
The thinking ended up proving to be true, since Caring Companions is now one of the largest providers of non medical senior care in the San Antonio metropolitan area.
Both offices have had outstanding performance, with top-of-the line earnings from non-medical senior-care businesses. The San Antonio office services the entirety of the 1.8 million population area of San Antonio with the North Dallas office covering approximately the same area. In the process of comparing Caring Companions franchise offering to other offerings on the market one cannot help but compare revenues of these two offices with the ones disclosed by the other franchise offerings in their Franchise Disclosure Documents. There isn’t any way to make a comparison. The top-tier and more well known franchise offerings even comes even close to the revenue of ADL Caring Companions.
I wanted to know, Pat, why that is. His reply was “It’s easy, bigger areas as well as more efficient systems.”
The average territory for franchises in the senior care industry starts at 250,000 residents. Pat believes that this isn’t enough for the kind of earnings that most business owners want. But, having a bigger territory is not enough. Caring Companions is a great option for anyone who has sufficient people. Their initial territory size begins at 500,000 and they offer the chance to buy territories with up to 1.5 million people. Bear in mind that the total fee for this is less than half of the other franchises’ fees. Pat invested an enormous amount of work into this franchise. From the computer and software to the administration of staff as well as the hiring of employees It took a lot of time and money. Nothing has been left to chance. The franchise opportunity is relatively new but offers a lot of value when you compare it to other options.