Assisted Living Locators Hits Growth Milestone Exceeding 50 Franchises
Scottsdale Company Offers Free Matchmaking Service for Seniors with Caring Providers
SCOTTSDALE, Ariz. – Dec. 5, 2016 – Scottsdale, Ariz.-based Assisted Living Locators announced today it has exceeded the 50th franchise mark. The milestone comes off of consecutive years of positive growth trends since the company first began franchising in 2006 as the first placement and referral franchise business in the U.S. The company has now signed 62 franchisees throughout greater Phoenix area and in 19 states across the U.S.
Assisted Living Locators offers “free service” for seniors and their families providing expert advice on short-term and long-term care options including in-home care, assisted living, memory care and retirement apartments. It generates revenue from the fees paid by the assisted living facilities per placement and from in-home care referrals.
The company touts itself as the “E-Harmony of senior living providers,” trademarking its tagline, “Matchmaking Seniors with Caring Providers for Over a Decade™.”
“Assisted Living Locators fulfills a huge, untapped niche in the senior support landscape,” said Angela Olea, registered nurse and CEO of Assisted Living Locators. “Our pace of signing new franchisees and exceeding the 50 franchise milestone shows the tremendous opportunity in this market.
The growth rate in the assisted living industry is unprecedented,” she explained. “Revenues are currently at $12-15 billion per year with no end in sight to an exponential increase in numbers. Every day in America, there are tens of thousands of families searching for assisted living homes and communities for their elderly parents. To date, our franchise team has helped place more than 2,000 clients in senior care communities.”
According to the Assisted Living Federation of America, factors contributing to the growth of the industry include:
• Seniors eight-five and over represent the largest growing population segment in our nation.
• There are currently 40 million seniors in American and it’s expected to grow to 60 million in the next decade.
• By the year 2020, one in four Americans will be over the age of 65.
• Average life expectancy has increased 15 years since the founding of the Social Security System in 1935
“There are over 35,000 assisted living communities in the United States and that number easily doubles when you start to add in the other types of senior living communities, said Olea. “With so many amenities, services, and possibilities to choose from, we can help you navigate through the maze of senior living options at no cost.”
She stated Assisted Living Locators provides a full continuum of care providing assistance in locating quality assisted living options or in-home care. They also assist with creating a contingency plan for those seniors who may not be ready to make a move and provide clients with access to registered nurse and social worker resources.
“We are committed to expanding Assisted Living Locators services into new markets all over the U.S. and we encourage those interested in a franchise to apply,” Olea added. “Franchisees train at the company’s headquarters in Scottsdale and then replicate the company’s operations in their city or state. The franchise fee is $49,500 with a monthly royalty fee at $500 per month or 8%, greater of the two for the 1st year.”
For more information on Assisted Living Locators, call 800-267-7816 or visit the website at www.assistedlivinglocators.com.