Right at Home Named a Most Profitable Franchise of 2023 by Franchise Business Review
Right at Home® was identified by Franchise Business Review as one of just 50 franchise brands to be named an award-winning franchise in its 2023 report on the Most Profitable Franchises.
Founded in 1995, Right at Home is the largest and fastest-growing in-home senior care franchise. With over 700 locations, the brand has a history of innovation, stellar customer satisfaction rates, and award-winning services. Right at Home has positioned itself as an industry leader as the senior care sector is expected to grow by leaps and bounds, giving franchisees the chance to make a difference in their local communities by becoming the leader of their own business.
To identify the award-winning companies on the list of this year’s Most Profitable Franchises, Franchise Business Review analyzed data from over 38,000 franchise owners representing more than 385 leading franchise brands regarding their experience and satisfaction regarding critical areas of their franchise systems, including leadership, financial opportunity, training, marketing support, operational support, and franchise culture. Other factors considered overall investment level and average owner incomes. All brands on the list have at least 25% of their franchise owners earning annual incomes of $150,000 or higher.
The data also shows that franchisees from the 50 Most Profitable Franchise brands rate their satisfaction with their overall financial performance 19% higher than brands not on the list, and 9 out of 10 (90%) would “Recommend their franchise to others.”
“Overall, franchisee income numbers are down slightly, by five percent from last year,” said Eric Stites, founder and CEO of Franchise Business Review, “Which is not surprising given inflation and labor increases. However, larger, multi-unit franchises are faring better this year, with reported incomes up by about five percent. It’s important to remember the income franchise owners can earn over time as they build equity in their businesses, to look at the whole investment and the long-term value of a business. Much of the wealth that business owners ultimately realize comes from long-term equity, which they cash out when they sell the business.”
Right at Home’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, and financial opportunity.
“Being recognized as a Most Profitable Franchise is a testament to the incredible dedication and hard work of our entire franchise network. This achievement isn’t just about financial wins; it’s a reflection of our unwavering commitment to innovation, resilience, and delivering exceptional value. It’s a milestone that inspires us to keep pushing boundaries, setting new standards, and empowering our franchisees to thrive in a constantly evolving landscape. This award fuels our passion to continue creating opportunities for success and prosperity within our franchise community,” Jen Chaney, Vice President of Franchise Development for Right at Home, said.
