2020 was a year that was filled with challenges for many businesses, but we are pleased to report that CareBuilders at Home rose to the occasion and finished out the year with incredible sales growth of 35% and a 25% increase in our franchise network. We consider our business to be “recession-resilient” and we’re thrilled to have experienced such staggering growth despite the difficulties of the ongoing COVID-19 pandemic.
We owe this growth to the tenacity of our team members and franchisees, as well as the immense growth within the home care industry that is only expected to increase as our population of senior citizens continues to expand — the home care industry itself is expected to grow at a compound annual growth rate of 7.9% between 2020 and 2027. The aging population continues to prefer at-home healthcare services as opposed to other options, and CareBuilders at Home has a plan to accommodate those individuals by prioritizing growth and opening new locations all across the country that will allow us to serve and care for more senior citizens than ever. At CareBuilders at Home, we don’t consider quality senior care a luxury, and we work hard to provide all of our clients with excellent care that allows them to stay in their homes.
After the strong year we had in 2020 we are only expecting more explosive growth, and we are looking for new franchisees to help us accomplish this goal. We currently have multiple locations spread out across 11 states all across the country, and we are looking to expand within those states and beyond, with a special interest in Michigan, Illinois, cities in Texas, the Bay Area, Pennsylvania and New Jersey. If you are interested, feel free to reach out for more information. We would love to hear from you!