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Homewatch CareGivers

2014 Franchise 500
#165
At a Glance

Products & Services: Home care, nursing-care coordination, memory care

Number of Locations: 233

Total Investment: $83.3K - $136K

Founded: 1976

Began Franchising: 1996

About Homewatch CareGivers

Biochemist Paul A. Sauer founded Homewatch in 1976. The company's clients include the elderly, people recovering from illnesses and people being rehabilitated after injuries. Caregivers provide nonmedical and limited health care services.

Franchise Units

Year U.S. Canadian International Company Owned
2014 216 7 7 3
2013 211 5 9 3
2012 200 5 11 3
2011 171 7 10 3
2010 162 11 5 3
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Canada, Central America, Mexico, South America.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $83,250 - $136,000
Franchise Fee: $49,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
Operations
48% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 30. Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At franchisee's location: 2-3 days. Ongoing support
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #165 (2014), #149 (2013), #171 (2012), #183 (2011), #194 (2010),
Fastest-Growing: #86 (2013),
America's Top Global: #120 (2013), #135 (2012), #145 (2011), #152 (2010),

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