If you’ve decided to invest in a senior care franchise, we congratulate you. This industry gives you the opportunity to do important, rewarding work in one of the fastest growing franchising sectors. As you look into your options, you’re bound to look for the best price senior care franchise you can find.

At Visiting Angels^®, we’ve helped many entrepreneurs and first-time franchisees enter this vital field. As well as being a nationally recognized name in senior care, we also rank among the most affordable franchises to buy into.

However, there’s more to consider than franchise fees when it comes to the best price senior care franchise. In this post, we’ll cover a few different ways to assess the cost of a franchise.

How to Determine the Best Price Senior Care Franchise

Buying a franchise is a significant investment. While it’s natural to consider the sticker price, i.e., the initial costs to get started, you also have to think about the long-term prospects of the business.

Altogether, you should consider the following factors when determining the best price senior care franchise:

Starting expenses

Most senior care franchises will require an initial investment. Keep in mind, though, that the best buy-in price may be offset by the recurring costs of running your franchise.

Ongoing costs

Look at what fees you’ll be required to pay in order to manage a prospective franchise. For example, in exchange for operating under their brand and using their resources, you’ll have to pay an ongoing franchise fee. There may also be optional programs you can buy into to boost your business.

The support you’ll receive

Think of the franchise costs in terms of value. What resources will be available to you when you buy a certain franchise? What can you expect by way of guidance, community, lead generation, marketing, equipment, and other forms of support? Consider what you’ll really be paying for as you assess franchise pricing.

Expected profitability

Low buy-in costs and franchise fees won’t mean much if you’re unable to build your business. You’ve already chosen well by narrowing your options to the senior care field. The home care industry is an essential service that continues to expand and is resistant to economic shifts. Find out how satisfied current franchise owners are with their profit margins and seek out any information you can about each brand’s reputation.

Why Choose a Visiting Angels Franchise

Based on the factors we’re outlined, Visiting Angels consistently comes out ahead of the pack. Drawing from direct feedback from more than 28,000 current franchise owners, Franchise Bureau Review has ranked it among the best franchises to own overall, the best low-cost franchises, and the best recession-proof franchises.

Of course, choosing the right senior care franchise opportunity requires research and careful deliberation. Ultimately, whatever the rankings, you need to find a franchise that aligns best with how you want to run your business — and how involved your franchise partner will be.

To find out what makes Visiting Angels the best price senior care franchise, contact us today at 800-365-4189 or request more information about our franchises online.