The elder care industry has seen exponential growth in recent years, and is poised for continuous expansion as the U.S. population ages. If you’re interested in opening a franchise in this field, the next step is to explore available senior care franchise locations and consider their potential for success.

According to a 2020 report from the National Alliance for Caregiving, the number of Americans providing unpaid care has risen from 43.5 million to 53 million in the last five years. At Visiting Angels^®, we have an established network of senior care franchises that is continually expanding to support these families.

Where, though, are the best resale opportunities for prospective franchise owners?

3 Prime Available Senior Care Franchise Locations to Consider

According to the U.S. Census Bureau, cities and towns in the South have seen the fastest growth over the last 10 years.

While the elderly population is expanding across the map — and with it, the ranks of family caregivers — we’ve identified three promising senior care franchise locations in Southern states:

Gastonia, NC

Gastonia, North Carolina is one of the largest suburbs outside of Charlotte, which is North Carolina’s largest city. According to the U.S. Census Bureau, the current population is 77,273, with a 7.7% increase between 2010 and 2019. As of July 1, 2019, 15.6% of the population was 65 years old or above.

These figures are especially compelling in light of recent findings from the Pew Research Center. In the last 20 years, suburban populations have grown by 25% — primarily among residents under the age of 24 and over the age of 65. If this trend holds true, satellite cities like Gastonia may see an even more accelerated demand for affordable senior care.

As further insight into the North Carolina market, the Family Caregiver Alliance reported in 2014 that 24.4% of households included members of the age of 65. Among the elderly population in North Carolina, 45.2% of seniors had a disability, exceeding the national average of 36.4%. These included mobility issues, cognitive issues, hearing loss, and general issues with self-care and independent living.

Houston, TX

Though Texas is considered a younger state in terms of median age, its elderly population is predicted to reach 5.9 million (19.4% of the total Texan population) by 2030. It should be no surprise that Houston, the largest city in the state, presents an incredible opportunity for senior care franchise owners. The current population is 2,320,268, with 10.3% over the age of 65. The city grew by a rate of 10.7% between 2010 and 2019 and has shown no signs of slowing down.

The Family Caregiver Alliance indicates that 21.5% of Texan households included residents over the age of 65 as of 2014. Among the state’s elderly population, 40.1% indicated that they had a disability that could potentially warrant in-home care.

San Antonio, TX

As the second largest city in the country’s largest state, San Antonio also has a lot to offer enterprising business owners. The latest census listed the city’s population as 1,547,253, with 11.8% of residents over the age of 65.

Between 2010 and 2019, the city saw an impressive 16.7% population increase. It’s appeal is clearly growing, as the U.S. Census Bureau reports that San Antonio was among the top 5 large cities for population increase between 2018 and 2019.

Why Pursue Franchise Resale Opportunities with Visiting Angels

Industry outlook and location are vital factors to consider as you search for the right franchise opportunity. However, your franchisor also plays a crucial role in your success. With Visiting Angels, we offer several benefits for our franchisees including national name recognition, training, and ongoing support.

While we have franchises across the country, we’re especially excited about these resale opportunities in the South. To find out more about available senior care franchises with Visiting Angels franchise, request details online or call 800-365-4189.