Homewatch CareGivers

Description

It is well-known that a large percentage of the U.S. population is aging; Baby Boomers began turning 65 in 2011, and the U.S. Census bureau projects that almost 20% of the population will be over the age of 65 by 2030. Home health care will play a pivotal role in the future, helping people curtail medical costs and live life where they want to – in the comfort of their own homes.

Homewatch CareGivers Franchisees provide much-needed services, while benefiting from a market with expected long term growth. In fact, the fastest-growing franchise category is Senior Services, according to Entrepreneur Magazine. And we rank consistently in the Franchise Business Review Top 50 for Franchisee Satisfaction and a Top 10 Senior Care Franchise.

Homewatch CareGivers provides the home care and personal assistance that individuals who are aging, disabled, and rehabilitating need to remain in their homes. Since its founding in 1980, the company has expanded to include over 220 franchised locations in six countries – while remaining steadfast to its heritage of home care.

Through training and ongoing support, each franchisee is armed with the tools and resources needed to build a successful home care business. Our professionally-developed and accredited online University equips each caregiver to deliver the exceptional care that provides peace of mind to clients and their loved ones. Each location provides specialty care to those living with chronic illnesses, which helps clients to age in place. In addition, the company offers the Pathways to Memory™ approach, which provides care for those living with Alzheimer’s and dementia.

Homewatch CareGivers is looking for compassionate, goal-oriented people with a desire to help others and make a difference in their communities. Strong management and leadership skills are preferred, but medical and/or home care experience is not required.

Business Type:
Office Space

Background

Year Established: 1980
Year First Franchised: 1996
Franchised Units: 100 - 250
Actual number of units: 223
Company Owned Units: 3

States referrals areaccepted in:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Vermont
  • Virginia
  • Washington
  • Washington DC
  • West Virginia
  • Wisconsin
  • Wyoming

Background Notes

  • Registered in all US States and Canada.
  • Sold out in UT and DE.
  • Cannot sell due to license moratorium in Louisiana
 

Financial / Terms
Cash Investment (Liquid): $60000
Minimum Investment: $83250
Maximum Investment: $136000
Minimum Net Worth: $250000
Franchise Fee: $49000
Discounts: Vet Fran
Average # of Employees: 3-5
Financial Performance Representation / FPR-Item 19 in FDD: Yes
Ownership Participation:
Owner-Operator
Royalty Type: Flat Percentage Fee

Royalty Fee Structure:
5% of gross billings

Ad Fee Structure:
1% of gross billings for National Marketing Fund

Financial Terms Notes:

  • Min. Net Worth $250K; Min. Cash $50K
  • Start Up Cash Investment Range $83,250 - $136,000
  • Additional Recommended Funds Year 1: $40,000 - $60,000
  • Average # of Employees: 3 Full Time, 20-40 Part Time

Franchise Sales

Single Unit: Yes
Multiple Units: Yes
Area/Master Developer: No
Resales: No

International Expansion

International Expansion Opportunities: Yes
Regions outside of U.S. available for Expansion:
Canada / North America
Central / South America

Countries:
We have franchises in Canada, Costa Rica, Mexico, Guatemala and Panama. Inquire with Homewatch CareGivers on availability outside of the U.S.

Single Unit Availability Outside US: Yes
Multiple Unit Availability Outside US: Yes
Area Development or Master Avail: Yes

 

 

Support & Training Provided

Financial Assistance Provided: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Co-operative Advertising: No

Training and Support

  • 6-Week Pre-training Program to get the business ready to open immediately after classroom training
  • Week-long classroom training at the Homewatch Support Center in Denver, CO
  • 52-week step-by-step Business Implementation Program guided by our team of Subject Matter Experts
  • In-field launch program at Franchisee's office
  • 360 business reviews in-field
  • Regional workshops to dive deeper into operations and direct sales initiatives
  • On-Demand Online Caregiver Training – train caregivers with our online, caregiver training program
  • Monthly Webinar Training on operational and marketing topics
  • Annual Conference in Denver, CO – owners and their staff are welcome
  • One-on-one support with experts in finance, accounting, marketing, sales, operations, and IT
  • Best practices & Panel of Pros conference calls to remain on the leading edge of the industry
  • Peer group forums online for franchisee-to-franchisee communications and support

Get Started!

 

Freddy O'Pry

Franchise Development

281-342-7474