Stairlifts, scooters, in-home health care, cleaning services, landscapers, home repairs, therapeutic massages — these are all “consumer services†that cater to one demographic in particular: the aging population. And there’s some evidence this is the future of franchising.
Seniors, home care and related consumer services have consistently ranked in the Top 5 fastest-growing franchise sectors, when measured by the number of new franchise businesses coming on stream each year, the Canadian Franchise Association says.
In fact, seniors and home care, in addition to education and tutoring and “fast-casual†healthy quick-serve restaurants, are among the most sought-after, and fastest-growing areas within franchising, according to the people whose job it is to connect potential franchisees with franchisors.