My Homecare Franchise

Financials

Grow your company, sales and margins with our expert advice

Eleven million people in the UK are over 65 years old and 3 million aged 80 or over. The latest projections are for 5½ million more elderly people in 20 years’ time and the number will have nearly doubled to around 19 million by 2050.
There are currently three million people aged more than 80 years and this is projected to almost double by 2030 and reach eight million by 2050.
While one-in-six of the UK population is currently aged 65 and over, by 2050 one in-four will be. Forty percent of over 65 year olds have a limiting longstanding illness.

Single branch domiciliary care companies managing around 1000 hours a week of care (approx 40 care staff) are sold and exchange hands regular. Prices paid vary with margins, profitability and contracts you have in place with local authority. We aim for margins in the industry circa 15-25% of annual sales dependant on area and content of contracts in place.  Our goal is to build your sales alongside the growing demand for care and the ageing population, maximising your return of initial investment. Towards the end of your first 5 year with My Homecare we target a minimum of 3,000 weekly hours of domiciliary care provision through either one or multiple branches in your territory. Combined with potential higher sales from “Live In Care” we expect your company sales to be circa 2.5 million pounds.

Though from the beginning, everyone’s financial circumstances are different, where by we work with investors from the start to ensure they have sufficient funding required for their companies start up phase, which may be 6 – 12 month in length. Our first goal targets breaking even, then we push you on to make money within year one.

Local Authority and Health Authority Contracts

My Homecare offer you our expertise at working with and tendering for local authority contracts, at an affordable price which allows the best margins possible from local authority rates paid to you. My Homecare consultants and managers have experience of winning lucrative block contracts and framework agreements worth over 4 million pounds a year. With our assistance become a Tier 2 preferred provider and look towards being Tier 1 framework provider. Our business model allows investors to work together in consortium agreements for the larger contracts from the start. From rather humble beginnings you can see it is possible to get your share of the 20 billion pound care industry.

Contact for a confidential discussion about your potential individual start up costs and future earnings

Even more support from October

More improvements to support
Faster website server
Marketing and advertising expertise
Start up brochures & pop up banners included
Business cards & posters included
and much more....

Want information on improved Package and Prices? Contact 03300 415 485

Address

My Homecare Ltd
Derwentside Business Park,
Consett,
County Durham,
DH8 6BP
Phone: 03300 415 485
Email: info@myhomecare-franchise.co.uk