- 2024 Franchise 500 Rank
-
#222 Ranked #208 last year
- Initial investment
-
$92K - $154K
- Units as of 2023
-
222 2.8% over 3 years
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.
Company Overview
About Homewatch CareGivers
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Senior Care, Miscellaneous Personal-Care Businesses |
| Founded | 1976 |
| Parent Company | Authority Brands |
| Leadership | Todd Houghton, President |
| Corporate Address |
7120 Samuel Morse Dr., #300 Columbia, MD 21046 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1996 (28 years) |
|---|---|
| # of employees at HQ | 95 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Central America |
| # of Units | 222 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Homewatch CareGivers 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
|
$50,000 |
|---|---|
|
Initial Investment
|
$92,310 - $154,000 |
|
Net Worth Requirement
|
$350,000 |
|
Cash Requirement
|
$80,000 |
|
Veteran Incentives
|
30% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
0.5%-2% |
|
Term of Agreement
|
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.
| Third Party Financing | Homewatch CareGivers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 80 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
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about 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?
|
Yes |
Franchise 500 Ranking History
Compare where Homewatch CareGivers landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Homewatch CareGivers ranked on other franchise lists? Find out below.
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