Homewatch CareGivers logo
Home care services

Investment

$121,640

Initial Franchise Fee

$50,000

Units

243

Growth Rate

+10.0%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Personal-Care Businesses
Founded 1976
Franchising Since 1996
Parent Company Authority Brands
Leadership Todd Houghton, Brand President
# of Employees at HQ 1738

Units and Growth Chart

About Homewatch CareGivers

For more than four decades, Homewatch CareGivers has worked hard to make a positive change in their clients' lives by providing premier in-home services. The target market usually includes people who need care services. This may include the elderly, injured, or people living with dementia, Alzheimer's, or developmental conditions. Entrepreneurs are generally wanted for the home care franchise program.

Homewatch CareGivers was founded in 1976 and began franchising two decades later, in 1996. It is under the umbrella of parent company Authority Brands LLC.

Why You May Want to Start a Homewatch CareGivers Franchise

There is a demand for home care services and a growing trend in the industry. Homewatch CareGivers’ corporate team may support you with the necessary training to help you with your business. This support comes through the business management system. Before you get started, you might receive pre-training, training week support, an in-field launch visit, and a dedicated launch coach. As a Homewatch CareGivers franchisee, you may feel at home and get ongoing support through your journey of providing in-home services. You may also give companionship to some of the elderly who are lonely and long for loved ones.

What Might Make a Homewatch CareGivers Franchise a Good Choice?

By joining Homewatch CareGivers, you may offer an essential service to your community. The client acquisition model includes proper market positioning and strategic planning. This may enable you to recruit clients looking for non-medical in-home services with relative ease.

To open a Homewatch CareGivers franchise, you should make sure you’re financially ready for an initial investment and potential set-up fees. These usually cover the following costs: the franchise fee, HIPAA materials fee, office equipment, and computer hardware, insurance, telephone systems, training expenses, license, permits and professional fees, and lease and security deposit. 

The initial cost also generally includes additional funds for multiple months of operations. With what may be a high demand for caregiving services and the labor market ready and willing for such roles, you may see success with your location. In addition, there is a growing older population that needs care more than ever.

How Do You Open a Homewatch Caregivers Franchise?

There are a few steps to becoming a Homewatch CareGiver franchisee. First, you may submit a franchise request form. You may then get detailed information from the franchise consultant via a webinar. You might then be required to complete and submit the confidential financial information form.

After this, you may receive the Franchise Disclosure Document and become more familiar with the client acquisition model. To review the proprietary market action plan process, the franchise consultant usually takes you through a call and another webinar. The final webinar may take you through the sixth step, which is learning how to manage your team and the support you will receive.

After you complete the three webinars, you may be required to complete the personal franchise assessment online. You may then schedule a visit to company headquarters in Greenwood Village, Colorado to meet the team. In this final step, both you and the company may decide if you would like to embark on a business relationship.

Investment Details

Initial Franchise Fee $50,000
Initial Investment $121,640 - $177,830
Net Worth Requirement $350,000
Cash Requirement $80,000
Royalty Fee 5%+
Ad Royalty Fee 0.5%-2%
Technology Fee $175+/mo.
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 30% off franchise fee

Available Territories

Franchising opportunities available in the following regions

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
Classroom Training 39.5 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
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 & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 3-30
Are exclusive territories available? No

Ranking History

Homewatch CareGivers performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022