The Canadian Franchise Association (CFA) helps everyday Canadians realize the dream of building their own business through the power of franchising. CFA advocates on issues that impact this dream on behalf of more than 700 corporate members and over 40,000 franchisees from many of Canada’s best-known and emerging franchise brands. Beyond its role as the voice of the franchise industry, CFA strengthens and develops franchising by delivering best-practice education and creating rewarding connections between Canadians and the opportunities in franchising. Canadian franchises contribute over $96 billion per year to the Canadian economy and create jobs for more than 1.8 million Canadians.

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Senior Services Franchises

Senior Services: A Growing Opportunity

Are you looking for a business opportunity that is recession-proof and has a lot of growth potential? If so, consider investing in a senior care franchise in Canada. The demand for quality senior care services is growing rapidly. There are a wide range of franchising opportunities in the always growing senior care sector.

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Why Invest in a Senior Care Franchise?

A growing senior population

The first reason why you should open a senior care franchise in Canada is because there are so many seniors living here. In fact, more than 17% of the population is over 65 years old and this number will only continue to rise as baby boomers start retiring from their jobs at higher rates than ever before. This demographic has specific needs that require specialized services which means there is an opportunity to own a business that provides seniors with the care they need to thrive.

Highly Scalable Sector

The second reason why you should open a senior care franchise in Canada is the diverse range of opportunities in this franchise sector. There are many different types of services available to seniors via the franchise business model, making a senior care franchise highly scalable. You can choose to specialize in one area or offer them all: personal assistance with daily tasks; home health aides who come into people’s homes and provide assistance as needed (e.g., bathing, dressing, cooking); skilled nursing facilities which provide long-term care; and community services including transportation to appointments, grocery shopping trips, and other errands. Additionally, some franchises also operate care centers for seniors when their family members are unable to be present during the day due to work commitments or school schedules.

Funding Opportunities

The final reason why you should open a senior care franchise in Canada is because there are government subsidies available to help offset the costs of running your business. For example, in Ontario, the provincial government offers a subsidy program that can help a franchised business cover some of the costs associated with hiring staff, renting space, and other operational expenses. This can be extremely helpful in reducing overhead costs until you are able to break even financially.

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Are you ready to make the next step in your franchise journey? Click the button below to get in touch with more than a dozen franchise brands in the Seniors Services / Home Care / Transition sector.

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