Senior Home Care Franchise Opportunity2010 Ranking: #181
BrightStar is the first senior home care franchising company to specialize in bothmedical, non-medical homecare and medical staffing.
Within 10 years there will be over 54 million people overthe age of 65. That’s almost 16% of the U.S. population.In fact, the number of Americans 65 and older is expectedto more than double to 89 million by 2050, according tothe Census Bureau.Taking into account this unprecedented rate ofgrowth, with the fact that according to AARP,88% of its members want to age in their ownhomes, the entire home care service industrywill only experience enormous growth forthe next 50 years..
BrightStar Moves Up the Ranks on Inc. 500|5000 List of Fastest Growing Companies.BrightStar, a full-service healthcare staffing agency thatprovides medical and non-medical homecare, has been ranked on the Inc. 500|5000 2010 list of the fastest- growing companies as #181, up from #217 last year.
One of the most prestigious honors inAmerican business, the Inc. 500|5000 listranks the 5,000 fastest-growingcompanies based on revenue growth overthe span of the three prior years: for the2010 award it was for growth from 2007through 2009.
“In today’s business world, you have to surroundyourself with premier people that take pride in the work and go above and beyond normal duties,” said Shelly Sun, Co-Founder and CEO of BrightStar.
“workingan outstanding franchise system of hard-to “With entrepreneurs, this ranking is a tribute their commitment to our company and customer service and we are ecstatic to be recognized for our continuous growth.” ”BrightStar has been moving up through the Inc. 500|5000 ranks over the past years, ranking #2225 in 2007, #1988 in 2008, #217 in 2009 and now #181 in 2010.
The 2010 Inc. 500|5000 is revealed online atwww.inc.com and featured in the September 2010 issueof Inc. Magazine, the premier publication for small and medium-sized businesses. The Inc. 500 ranks privately held companies according toaveraged year-over-year sales growth during the past five years.
“We look forward to another year of success and growth,” added Sun. “BrightStar continues on the path for growth as we just became the first franchisor approved for a $6 million facility created by Bancorp and Franchise America Finance™ to expand our business and we also recently expanded internationally signing our first deal in Canada.”
BrightStar has been in business since 2002 and has been franchising since 2005. In the three years since launching BrightStar in March 2006, BrightStar hasgrown to 115 franchisees with nearly 165 locations sold and with over 110 locations already open.
BrightStar leverages its uniquedifferentiation of technology toprovide franchisees real-time keyperformance indicators for customerretention, mark-up and margin,employee turnover and mix ofbusiness so each franchisee canbenchmark themselves to local,regional and national systemaverages, highs and lows andleverage field support to improveperformance.
Through Shelly’s leadership, BrightStar has grown fromone corporate-owned location to over 160independently-owned franchise locations in 35 states,and will reach 400 franchise locations sold by the end of2011.Using a multi-unit owner approach, BrightStar currently signs5-8 new franchisees and 10-14 new locations per month and hasexperienced 963 percent growth in the number of locations and811 percent system-wide revenue growth from 2006 to 2008.
What Makes BrightStar a Great Healthcare Franchise Opportunity?