Leading Senior Care Company Reveals Record Growth Amid Tough Economic Times
Senior Helpers earns Entrepreneur Magazine's prestigious No. 2 ranking for "Top New Franchise"
Raleigh, NC --(PR.com)-- Through the brutal economic climate of 2009, most businesses found it tough to grow and prosper – but Senior Helpers, the nation's fastest growing provider of in-home care for seniors, is a remarkable exception.
2009 was a banner year for Senior Helpers, as the company saw revenue swell more than 225 percent and its number of total franchises increase by over 25 percent, for a total of 280 individual locations in 39 states at year's end. This strong growth and expansion helped Senior Helpers climb Entrepreneur Magazine's Franchise 500 list for the third consecutive year – landing at No. 2 on the magazine's "Top New Franchise List" for 2010, up from No. 7 the year before, and ranking No. 27 on the "Fastest Growing Franchise List," up from No. 33 at the beginning of 2009.
"When we founded Senior Helpers in 2001, we knew there was a growing need to give seniors high quality care in their own homes," says Peter Ross, CEO of Senior Helpers. "The senior care industry is growing, and that trend is projected to continue for years to come. Our franchisees are some of the best in the industry, and our company's accomplishments would have been impossible to achieve without their full commitment to and faith in Senior Helpers."
Over the past year, senior care has remained a resilient sector of the national economy.
Reasons for Success:
- Senior Helpers was able to pair the industry's momentum with a growing desire among aging adults to stay in their own homes. One recent survey found seniors fear going to a nursing home more than dying.
- In this shaky economy, in-home care is a much more affordable solution for senior care than assisted living communities and nursing homes.
- Numbers from The Federal Interagency Forum on Aging Related Statistics show a rapidly aging U.S. population. Predictions indicate one fifth of the total population will be 65 years of age or older within 20 years.
"So far, our timing and our execution have proven to be successful in establishing Senior Helpers as a recession resistant business with the ability to grow," Ross says. "We've developed great tools and support programs for our franchises, which enable them to thrive and allow the system as a whole to prosper. These rankings and recognition from Entrepreneur Magazine are a tremendous source of pride for all of us, and they position Senior Helpers as a dynamic national leader in the senior care industry."
About Senior Helpers
Senior Helpers connects professional caregivers with seniors who wish to live at home as opposed to a nursing or assisted living facility. The company has 280 franchises in 39 states throughout the country and offers a wide range of personal and companion care services to assist seniors living independently with a strong focus on quality of life for the client and peace of mind for their families. Senior Helpers strives to be the leading companion and personal care provider that offers dependable, consistent and affordable home care.