As Canada’s senior population grows at a rapid pace, so does the desire of our elders to “age in place.” The age in place concept refers to Canadian seniors who wish to retire and age independently in their own homes. The understandable desire to age in place by both the growing senior population and their families has brought with it some exciting opportunities in Canadian franchising.
The May/June edition of Franchise Canada, The Seniors and Home Care Issue, explores these growing opportunities. As noted in our cover story, Canada’s population of baby boomers – those born between 1946 and 1964 – is getting closer and closer to retirement. This bodes well for the franchise concepts working to serve this significant segment of Canada’s population. With Canada’s senior population projected to nearly double between 2006 and 2026 as the baby boomer generation ages, demand for products and services aimed at this growing market segment is expected to expand as well. It’s great news for franchises providing seniors with the products and services they need to age in place, and it’s a growing trend in franchising that prospective investors should have on their radar.
As mentioned in our cover story, franchises that are helping Canada’s seniors live full, independent lives are flourishing as they provide them with healthy meals, transportation, in-home care, physical fitness, and real estate services. But it’s not just franchises in the senior sector that are booming. When it comes to building a happy and healthy home, there is a myriad of franchise systems looking to help everyday Canadians live a little easier, no matter their age. If it’s a home service franchise you’re interested in, Franchise Canada profiles five franchise concepts that serve homeowners with a wide range of services from cleaning to comprehensive storage solutions.
In our regular department features, you’ll find profiles of brands such as Nurse Next Door, COBS Bread, Comfort Keepers, OPA! Of Greece, and more. Have you noticed recently how McDonald’s has really elevated their coffee and baked goods offerings? We take a look at how the iconic brand has evolved to keep up with market trends, while maintaining their strict commitment to delivering top-notch customer service.
We also have articles that will enlighten you on some of the essentials of franchising. For those looking to explore financing options, we outline some alternative funding sources that go beyond traditional borrowing from the banks.
With an issue packed from cover to cover with award-winning and rewarding franchise opportunities, we hope Franchise Canada is your guide to fulfilling your franchise dreams.