- Units as of 2020
N/A Yearly Data not available
- 2020 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$83K - $137K
About Homewatch CareGivers
- Franchising Since
- 1996 (25 years)
- # of employees at HQ
- Where seeking
- Franchisor is seeking new franchise units worldwide.
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
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.
- Initial Investment
- $83,000 - $137,250
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- 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.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
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
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- # of employees required to run
- 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.
Interested in opening a Homewatch CareGivers? We can help you with that!
Franchise 500 Ranking History
Compare where Homewatch CareGivers landed on this year’s Franchise 500 Ranking versus previous years.
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!
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
What Preschools Get Right and Franchisors Get Wrong
Franchise Brands Need to Better Promote Franchisees' Confidence and Competence
Why Emerging Franchisors Need a Virtual (Assistant) Army For Growth
Using outsourced talent can help an emerging franchisor grow their business without overextending themselves
Free On-Demand Webinar: 3 Myths & Truths of Owning a Franchise
There are a lot of rumors surrounding what it's like to own a franchise, so how can you tell what's fact from fiction?
Free On-Demand Webinar: How to Overcome the Five Mental Pitfalls of Running a Franchise
As a franchise owner, you don't just run a business-you feel your business.
Free On-Demand Webinar: 3 Essential Steps for Becoming a Wealthy Franchisee
Top-ranked franchisees have certain strategies and routines in common that lead to their successes.
What Franchisors Need to Know When Hiring a Marketing Agency
To create consistency (and success) across multiple locations, franchises should find a marketing agency that understands their story-and knows how to tell it across platforms.