More Than 50 Million Hours of In-Home Care Provided
Right at Home, a leading international provider of in-home companion and personal care to seniors and others, has reported that total revenue since the company began franchising in 2000 has surpassed the $1 billion milestone, representing more than 50 million hours of care provided to more than 75,000 seniors and the disabled in their homes.
“We are thrilled about reaching the $1 billion milestone in our business and the success of our franchisees,” announced Brian Petranick, president and chief operating officer. “This milestone means we’re improving the quality of life for more people than ever before.”
With annual sales averaging more than $1 million per Right at Home office, 2011 represented the best year in the company’s 12 years of franchising, Petranick acknowledged. And the momentum has continued during 2012.
“Growth of the in-home care industry is accelerating as our aging population continues to demand services in the home that allow them to retain their independence,” explained Allen Hager, founder and chief executive officer for Right at Home. “And with Right at Home’s proven track record, we will continue to attract franchisees who fulfill Right at Home’s mission to improve the quality of life in their local communities.”
Reflecting on the significance of reaching the $1 billion milestone, Hager emphasized, “As wonderful as that is from a financial perspective, all of the success we’re having as a brand is most clearly defined by the impact Right at Home is having day by day in the lives of those we serve.”
Many factors have contributed to the continued success of the Right at Home brand, including a comparatively low initial and ongoing investment for franchisees during a time of unprecedented growth in the senior care market. “We are rapidly approaching nearly 300 U.S. locations that are open and operating,” explained Eric Little, senior vice president of franchise development. “Our development plan for the U.S. includes 500 to 600 domestic locations. Without question, Right at Home is a leader in senior care services.”
Right at Home is on pace to meet its aggressive expansion target of 45 to 60 new locations by the end of 2012, resulting in another record year for the company, according to Little. “Even in a difficult economic environment, the demand for professional in-home elderly care assistance has continued to increase,” Little said.
Citing statistics showing more than 78 million baby boomers living in the U.S., Little noted that 10,000 people a day are turning 65 years of age. “We’re just barely scratching the surface when it comes to providing quality in-home care for those who need it,” Little added. “It’s also a business that has a tremendous level of personal fulfillment. So it offers both financial opportunity and the satisfaction of knowing when you go home at night that you’ve made a real, positive difference in the lives of families in your community.”
About Right at Home
Right at Home, Inc. is an international franchise organization based in Omaha, Neb. Independently owned and operated franchise units offer in-home companion and personal care and assistance to seniors and disabled adults who want to continue to live independently. Right at Home offices directly employ all caregiving staff, each of whom is thoroughly screened, trained, bonded and insured prior to entering a client’s home. All ongoing care is monitored and supervised by more than 250 local franchise offices located across 41 states nationwide, as well as internationally in China, Brazil, the United Kingdom and Canada. For more information on Right at Home, visit About Right at Home at http://www.rightathome.net/about-us. To sign up for Right at Home’s free adult caregiving eNewsletter, Caring Right at Home, visit http://www.rightathome.net.
*Net Billings in 2011 for 191 Offices open one year or more as of December 31, 2011. 68 or 36% of these Offices attained or surpassed the represented level of financial performance.