There’s no escaping it, Australia’s population is ageing, and while many of us like to put off the inevitable, a growing demand for aged care franchises has some entrepreneurs cashing in.

Older people make up a significant portion of the nation’s population. In 2017, over one in seven people were aged 65 and older.

While aged care recently has been head-line news for all the wrong reasons, the non-residential options are providing increasingly popular.

According to the government body, Australian Institute of Health and Welfare (AIHW), the rise in people accessing home care services was 84% from 2007 to 2017.

Between 30 June 2016 and 30 June 2017, the number of operational approved providers had increased by 41.5% with the bulk of services delivered to those aged 75 or older.

Two years ago, the Australian Government reformed the program, handing the power of service selection to the consumer.

According to the AIHW on 30 June 2018 more than 780,000 individuals were receiving grants for home support services. There were 1456 organisations funded to provide home support through 3,542 outlets. More than two thirds operated as not-for-profit.

With that number projected to grow as home care becomes more accessible and aged care franchises grow in stature, the sector will continue to provide entrepreneurs with a value for money business opportunity.