£30,000+VAT Franchise Fee, plus approximately £45,000 working capital
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Specialising in providing high quality care at home to older people, Radfield Home Care boasts the opportunity right now to join its thriving network of home care business owners. Operating within the private marketplace, franchise partners benefit from high profit margins that enable them to deliver a high quality care service all whilst generating healthy financial returns.
As a Radfield Home Care franchise partner, you do not require any previous healthcare experience. Your role is to grow your business through marketing, networking and brand awareness activity.
You will of course have in-depth training and support to develop your required knowledge of the sector and its operations, however you will also recruit a Registered Care Manager who is responsible for managing the healthcare side of the business for you.
Radfield Home Care franchise partners specialise in providing care specifically to older people.
You will focus on developing this client base within the private marketplace. This marketplace benefits from higher profit margins that enable you to focus on providing the highest standards of care without worrying about your bottom line.
Radfield Home Care’s franchise support team specialises in both healthcare and business support; providing a business opportunity with a safety net.
You will have a dedicated Franchise Support Manager that will work closely with you, through regular office visits, phone calls and training webinars to guide you through your journey and answer any questions along the way.
The rest of the support team all have their own specialisms; including marketing, compliance, recruitment, finance, training and more. They work with you on specific tasks and projects; advising you, supporting you and even undertaking activity to help grow your business on your behalf.
In the coming decades the population of people aged 65 and over is set to equate for over one quarter of the entire UK population. What’s more, those aged over 65 spend almost half of their remaining life expectancy not in good health.
Despite this rise in demand though, Local Authority care funding has decreased in recent years, leading to a 20% drop in people receiving care from their Local Authority between 2009-2015 – meaning more people turning to private providers. This has made the private marketplace a growing opportunity; with a projected increase in home care service users and strong profit margins enabling a high quality service.
The Radfield brand was launched in 1982 as a residential care home. Franchisors, Dr Hannah MacKechnie and Alex Green grew up within this care home, which was owned and operated by their parents. As they grew older they both worked within the care home, before Hannah trained to become a GP and Alex worked with financial institutions in charitable sector.
By 2008, they already had a lifetime of experience caring for older people and recognised their needs were changing and they wanted to remain within the comfort of their own home, where they could maintain independence. As a result, Hannah and Alex launched the next evolution of the Radfield brand: Radfield Home Care. They then spent the next eight years developing multiple home care branches; giving them an unrivalled knowledge of the private home care sector.
With this wealth of experience behind them, they launched the Radfield Home Care franchise opportunity in 2016. This enables like-minded people, like you, to develop their very own rewarding business with profitable returns, safe in the knowledge they are supported by people who have been there and done it.
As a family owned and operated company, values are at the centre of the model, Recognising Radfield’s commitment to a values-based business model, one of the world’s biggest ethical accreditations, B-Corporation recently enrolled them as its only UK healthcare member.
It’s not just about experience, values and sector knowledge though. Radfield Home Care was one of the pioneers of technology in the home care marketplace, and now utilises remotely accessible, cloud-based care management software. This allows franchise partners and clients the benefit of a transparent, safe and cost-saving service.
You will also benefit from a unique invoicing system that allows Radfield franchise partners to enter the home care sector with attainable working capital requirements, and maintain a robust cash flow that will generate a strong platform for ongoing growth.
The franchise package costs £30,000+VAT. You will also require approximately £40,000-£50,000 working capital to support your business through to break even – which you can expect after around 12 months of operation.
If you think you have the making of a home care business owner, with the passion for providing vulnerable older people with exceptional care in their own home, you can contact our Franchise Recruitment Manager, Ed Gill by submitting your information on this page and he will give you a call to share more information.