The Booming Senior Home Care Sector

With 23% of the US population expected to be over 65 years old by 2054, it's no surprise that the home senior care sector has seen significant growth recently.

Growth and Expansion

Certain franchises have expanded aggressively over the past three years. SYNERGY, Assisting Hands, Seniors Helping Seniors, HomeWell, and Nurse Next Door each grew by more than 15% 📈.

Profitability in Home Care

But what about profits? 💰 Here are some quick stats about the home care industry:

• Average Investment: $92,000 - $181,000
• Average Yearly Revenue: $916,000
• Average Gross Margin: 46.1%

Even though disclosure is limited, it's safe to assume these businesses are profitable. Indeed, all the variable personnel costs (e.g., nurses), by far the largest expense of these businesses, are already baked into Gross Profit. And with a 46% Gross Margin, that leaves plenty of room for net profit.