15 Affordable Franchises You Can Start in Your 50s

8. SYNERGY HomeCare

  • Liquid capital: $50,000
  • Total investment range: $64,130-$160,057
  • Locations: 380

As the nation’s population grows older, the demand for home health care is expected to rise. That’s been the case in recent years for SYNERGY, which added 38 locations in 2020 and another 13 in the first quarter of this year.

Starting a home health care business could pose interesting opportunities for aspiring entrepreneurs age 50 and older, some of whom are navigating caring for their aging parents while also raising their own children. SYNERGY, which has been in business for more than 15 years, recently commissioned research about the needs of this “sandwich generation” as a way to better understand the needs of its clients and franchisees.

“Along with providing care, we often work to facilitate constructive conversations about current and long-term care options,” said SYNERGY CEO Charlie Young. “Our goal is to allow our aging loved ones to have the confidence to live a fuller and happier life.”

9. Aire-Master of America

  • Liquid capital: $50,000
  • Total investment range: $54,984-$160,900
  • Locations: 114

While you may not have heard of Aire-Master by name, you certainly have heard of some of its clients. Businesses such as Applebee’s, FedEx and Walgreens hire Aire-Master to help them keep their commercial bathrooms clean and also make sure that the entire offices smell fresh. Some businesses even hire Aire-Master franchises to develop a custom fragrance for their offices, a unique way of creating a brand identity that customers remember.

Aire-Master franchises also help business eliminate unwanted odors, such as smoke or smelly trash chutes. Deodorizing has been the company’s area of expertise since it opened in 1958.

10. Mr. Handyman

  • Liquid capital: $50,000
  • Total investment range: $117,500-$149,100
  • Locations: 274

Handyman services always come in, well, handy. That steady demand is part of the appeal of this franchise opportunity. Mr. Handyman gives clients access to affordable, convenient, professional service from workers who have an average of at least 10 years of experience in their respective trades.

While some Mr. Handyman franchise owners could do the work requests if they chose to, many of these owners instead work with teams of technicians who then complete the service requests that come in to the franchise.

11. Senior Care Authority

  • Liquid capital: $50,000
  • Total investment range: $71,095-$90,395
  • Locations: 74

Figuring which assisted living facility, nursing home or other long-term care option might be the best fit for your loved one can be overwhelming for families that are making these decisions for the first time. That’s where Senior Care Authority can help. The company specializes in providing consulting services so families can make their choice based on guidance from an expert who is knowledgeable about the options available.

Because Senior Care Authority’s primary business is consulting, aspiring franchisees typically do not have to spend as much up front as they might for restaurant franchises or other business that are more dependent on the maintenance of hardware. Senior Care Authority provides extensive training on how to assess the long-term care options in your region, including sending a member of the corporate team to accompany new franchisees during their initial visits to health care facilities.

12. Home Instead

  • Liquid capital: $59,000
  • Total investment range: $125,000-$135,000
  • Locations: 665

In August, Home Instead, which provides caregiving services for older adults, was acquired by Honor Technology, a company that provides software and other tools to support caregiving businesses. The two companies have said that the acquisition will better enable them to use technology to strengthen the relationships between caregivers and clients while also further professionalizing caregiving as a career.

Home Instead will continue to operate as a separate subsidiary and continues to accept applications for new franchises.

13. Visiting Angels

  • Liquid capital: $59,950
  • Total investment range: $84,085-$125,885
  • Locations: 630

Visiting Angels provides paid caregiving for elderly adults. Franchisees told FBR that the quality of the services that Visiting Angels provides is what differentiates it from other caregiving businesses.

“At any time that I mention that the client gets to interview and choose their caregivers, they react very surprised because they have not experienced that with any other company,” said one respondent. “Also, we have an excellent ongoing dementia training, which also makes the difference in the quality of service.”

14. ActionCoach

  • Liquid capital: $74,500
  • Total investment range: $87,494-$197,790
  • Locations: 197

if you already have some experience as a successful entrepreneur or corporate executive, ActionCoach might be an appealing franchise option for you. The company specializes in providing consulting services that help other businesses grow. ActionCoach franchisees can opt to work either as independent business coaches or establish their own coaching firms.

Respondents to the Franchise Business Review survey praised ActionCoach for its supportive culture, innovation and creativity.

15. MaidPro

  • Liquid capital: $75,000
  • Total investment range: $77,560-$171,160
  • Locations: 277

This Boston-based company, which started franchising in 1997, offers housecleaning services. In addition to its high ranking from Franchise Business Review, MaidPro also was named one of the best franchises to start for under $150,000 by Forbes.

The COVID-19 pandemic had a significant impact on housecleaning businesses. Some clients, fearful of letting strangers into their homes, opted to discontinue services. Other people, recognizing the role of disinfecting in slowing the spread of the virus, chose to hire professional cleaners. MaidPro, which already required its 5,000 cleaners to attend an intensive training program before the pandemic, responded by increasing its sanitizing practices. For example, workers began to clean rooms in an order that started in the back of the home (or business) and ended in the front, so workers wouldn’t need to reenter areas that had already been sanitized.

Kenneth Terrell covers employment, age discrimination, work and jobs, careers, and the federal government for AARP. He previously worked for the Education Writers Association and U.S. News & World Report, where he reported on government and politics, business, education, science and technology, and lifestyle news.