By adding an investment in an urgent care franchise to your business portfolio, you’re adding a franchise in a booming, growing industry, bringing a much-needed service to your community, and making a positive impact along the way.
You don’t have to be a first-time franchise owner, solely invested in American Family Care, or even have a medical background to be an AFC franchisee. In fact, we encourage business-savvy individuals looking for a smart investment to add to their portfolio to consider opening an urgent care franchise.
Here’s a closer look at why investing in an urgent care franchise is a great way to diversify your investment portfolio.
It’s a Booming Industry That Fills a Need
The urgent care franchise industry has filled a critical niche that provides a convenience service for the public in an industry that can’t be ignored: healthcare.
In 2016, the urgent care industry cracked $15 billion in revenue, up from $11.5 billion just five years earlier in 2011, per Business Insider. But that growth is expected to take off in the next few years, with expected revenue to more than double, reaching over $30 billion per year by 2020, according to Transparency Market Research, which predicts a 3.8 percent growth rate.
Other outlets are even more optimistic, like Harris Williams & Co., which predicts nearly six percent growth annually moving forward. Market research leaders IBIS World reported that the urgent care center industry generated $25 billion in revenue last year, outperforming modest reporting by some outlets.
But there’s more: Patient visits are increasing by approximately 2.7 percent per year, according to Kalorama Information research via Business Insider, while urgent care centers are only growing by about 1.7 percent annually. The increase in patients will amount to about $1.7 million extra in revenue for each urgent care center by 2021.
You Don’t Need a Medical Background
We’re not advocating for our business owners to be the incredible life savers and difference makers that doctors, nurses, and other medical specialists are. We just want qualified candidates to be the best business owners they can be, and with our excellent franchisee training and support services, we’ll help you find, hire, and retain the best medical staff around.
We’re Actively Looking to Expand
At American Family Care, we’re growing at a rapid pace, keeping up with a thriving industry that is demanding the outstanding service we provide. For a closer look at the areas we’re actively looking to expand to and place an urgent care franchise unit in, click here.
For more information on franchising with American Family Care, contact us today to speak with a representative about joining our family!