5 Healthcare Franchises Poised to Grow

I reviewed franchise concepts in home health care, one of the fastest growing industry segments. Using specific indicators I came up with these five franchises. Read this article to see the franchises that made the list and to learn how they were chosen.

When looking for industries that offer the best opportunity for future growth, the same businesses appear, whether it’s from the Bureau of Labor Statistics, Department of Commerce, franchise industry experts or independent business websites. Invariably, home healthcare is at or near the top of these lists.

If you have an interest in any of the franchises, be sure to thoroughly investigate each franchise and perform your necessary due diligence. I am not recommending any particular franchise but rather am indicating those that have certain positive characteristics.

In selecting five franchises poised for growth, I used the following requirements:

• The franchise has shown increases in new franchise growth for 3 consecutive years
• Each franchisor offers some form of financing
• Investment requirements for each franchise appeals to small and large investors
• The franchise fits into the home healthcare or personal fitness niche
• The franchise has been in business at least 7 years

You can use the above guidelines to compare franchises in other industries. All of this information is available from the Franchise Disclosure Document for a specific franchisor. Finally, remember that the best source for evaluating a franchise program is to speak with existing franchisees.

About the author: Ed Teixeira, publisher of Franchise Know How, is a 35 year veteran of the franchise industry, operating franchise companies in convenience store, manufacturing , home health care and medical staffing sectors. He was also a home healthcare franchisee. Author of Franchising From The Inside Out, Teixeira provides advice and information for prospective franchisees, franchisees and franchisors.