Homewatch CareGivers

Homewatch CareGivers

Home care, nursing-care coordination, memory care
Units as of 2020
N/A Yearly Data not available
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$83K - $137K

Interested in opening a Homewatch CareGivers?

Company Overview

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.

About Homewatch CareGivers

Founded
1976
Parent Company
Authority Brands LLC
Leadership
Julie Smith, CEO

Franchising Overview

Franchising Since
1996 (25 years)
# of employees at HQ
25
Where seeking
Franchisor is seeking new franchise units worldwide.

Franchisor Information

Social
Twitter Facebook
Corporate Address
6251 Greenwood Plaza Blvd., #250
Greenwood Village, CO 80111

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
$49,000 - $67,750
Initial Investment
$83,000 - $137,250
Net Worth Requirement
$350,000
Cash Requirement
$50,000
Royalty Fee
5%
Ad Royalty Fee
1%
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
40 hours
Additional Training
Ongoing support
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

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

Interested in opening a Homewatch CareGivers? We can help you with that!

If you want to know if Homewatch CareGivers is the right franchise for you, we’re here to help by providing you with additional information about this business.

Franchise 500 Ranking History

Compare where Homewatch CareGivers landed on this year’s Franchise 500 Ranking versus previous years.

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From the Advertiser

Homewatch CareGivers: The Business of Care

Founded in 1980 with the mission of providing premier home care services, Homewatch CareGivers® is in the business of care, making a positive change in the lives of all those we serve. Through ownership in a senior care franchise, entrepreneurs like you have found a way to gain financial security while serving others with the daily assistance they need. The goal of a Homewatch CareGivers franchisee is to grow a business that delivers professional in-home care to the elderly, those recovering from surgery, people living with developmental or chronic conditions, and individuals living with Alzheimer’s or dementia.

Why Choose Our Home Care Franchise?

Learn About the Homewatch CareGivers Advantage

Our goal is for our franchise owners to provide the best care for every client, to honor the work of professional and family caregivers, and to serve as a vital part of the healthcare continuum. To achieve this, we provide our franchisees with the comprehensive support they need to find success while making a difference in their communities. We call this the Homewatch CareGivers Advantage, which includes:

  • • Comprehensive Launch Process and Market Action Plan (MAP)
  • • Homewatch CareGivers Care+® our customized software
  • • A Unique and Powerful Approach to Care
  • • Proprietary Business Intelligence Tools
  • • Effective Coaching and Tools to Acquire Clients
  • • Care to Stay – Caregiver Recruitment and Retention
  • • Strong Financial Results (Item 19)

A Business Opportunity Based on the Power of Care®

In-Demand Business, In-Demand Services

The services provided by Homewatch CareGivers are essential and in-demand year round. Our Franchisees work hard to provide tailored at-home care services to meet the unique needs of the clients they serve each day. Franchise ownership with Homewatch CareGivers provides you with the opportunity to impact the lives of people in your community through personalized, compassionate home care.

A Growing Industry with Multiple Revenue Streams

By 2030, it is projected that roughly 20% of the U.S. population will be over 65 years old, with about 70% of those individuals needing long-term care in their lifetime. The increasing demand for in-home care for the country’s aging population provides a growth opportunity, and Homewatch CareGivers business model is well-equipped to handle the surge. Our franchise model offers various levels of service to meet clients’ needs, providing franchise owners with multiple streams of recurring revenue.

Commitment to Care

When you become a part of Homewatch CareGivers, you’re provided with the tools and resources needed to build a solid business and the vital skills necessary to provide world-class care for every client. From our unique care approach, proprietary business-management platform, effective client acquisition model and caregiver recruitment and retention initiatives, we provide the comprehensive training and support you need to run your business. At Homewatch CareGivers, we are fully invested in our franchise owners’ success.

Hear from Our Owners

“Homewatch CareGivers offers a lot of tools and resources for us to use on a daily basis. One those is our software system, Care+. Which gives us a lot of flexibility in the care and trackability of what we are doing for our clients and their families. I would also say that I love the ability to call the resource center at any time. The support center is there for us no matter what we need.”

Wendy Raney, Homewatch CareGivers of North Dallas

“Homewatch CareGivers enabled me to realize a lifelong dream of being a business owner. My background when working in Corporate America is in Finance and Business, with a master’s in business and I think that helped prepare me to run a business in addition to having a Support Team like what Homewatch CareGivers has provided to me.”

Eric Malkin – Homewatch CareGivers of greater Cleveland, OH

Now is the perfect time to explore a home care franchise with Homewatch CareGivers. Get started today!

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Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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