Start a CareBuilders at Home Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $111K - $166K

Units as of 2024: 21 40.0% over 3 years

CareBuilders at Home is a home care services company that provides help to people in need of assistance. Clients will include senior citizens, veterans, people with disabilities, and anyone in a condition who requires assistance.

CareBuilders at Home has been in the business since 2011 and franchising since 2012. With over 10 franchise units across the United States, CareBuilders at Home may be experiencing success, as there is hardly any shortage of folks who need help in performing everyday activities at home.

Why You May Want To Start a CareBuilders at Home Franchise

The types of services CareBuilders at Home provides are generally divided into three categories: personal care, companion and homemaker, and specialized services. Personal care includes assisting with mobility, hygiene, and medication compliance. Companion and homemaker services include preparing meals, errands, light housekeeping, travel, and more. Specialized services cater to unique needs like assisted living placement and new mom support.

CareBuilders at Home aims to fill the needs and wishes of the population that wants to age in their original homes, filled with memories. The caregivers can also accompany clients from hospitals, surgical centers, or rehab facilities to remain safe and independent. If making a difference in people's lives is your cup of tea, then opening a CareBuilders at Home franchise might be a good choice.

What Might Make a CareBuilders at Home Franchise a Good Choice?

One unique aspect of CareBuilders at Home may be the wellness program. Wellness service turns a piece of technology seniors are already familiar with, television, to an on-demand video call, potentially allowing clients to interact face-to-face with friends, family, and their CareBuilders at Home care team at the push of a button.

The virtual care platform also has additional functionalities including condition monitoring, a notifications system connected to the team of caregivers and families, and live streaming of family events with real-time communication.

To be part of the CareBuilders at Home team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty fees and renewal fees. You will also need to meet the Carebuilders at Home set net worth and liquid capital requirements.

How To Open a CareBuilders at Home Franchise

To be a franchisee, you don't necessarily need to have an adequate understanding of the caregiving business from the get-go. The CareBuilders at Home corporate team will provide the helping hand to help get you started on the new venture. Some provided resources include help in recruiting, training, and placing caregivers with back-office assistance.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Research the brand and your local area to see if a CareBuilders at Home franchise would do well in your community. As part of your due diligence, you may want to speak to existing franchisees and ask the CareBuilders at Home franchising team questions.

Company Overview

About CareBuilders at Home

Industry	Personal-Care Businesses
Related Categories	Senior Care
Founded	2011
Parent Company	ATC Healthcare
Leadership	David Savitsky, CEO
Corporate Address	1983 Marcus Ave. North New Hyde Park, NY 11042
Social	Facebook, LinkedIn

Business Overview

Franchising Since	2012 (12 years)
# of employees at HQ	40
Where seeking	This company is offering new franchises throughout the US.
# of Units	21 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a CareBuilders at Home franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$110,700 - $165,500
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$150,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	9%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	CareBuilders at Home offers in-house financing to cover the following: accounts receivable, payroll
Third Party Financing	CareBuilders at Home has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	20 hours
Classroom Training	41 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes