Homewatch CareGivers

Homewatch CareGivers' franchise owners employ caregivers to provide companionship and personal care in clients' homes. Our network of collaborative franchisees are united in passion and purpose to improve clients' lives and create meaningful connections each day.

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Homewatch CareGivers

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Homewatch CareGivers Franchise Cost and Requirements for 2023

Background

CEO is former $1M+ franchisee
Larger territories: 40K Seniors (65+)
Accredited, online training platform for caregivers
National marketing and social media campaigns
National business development partnerships
Proprietary launch tools for marketing and ops
Direct sales planning and coaching
Robust financial modeling and planning tools
Unique, person-directed approach to care
Tools and technology for measuring quality and outcomes

Company Details

Established: 1980
First Unit Franchised: 1996
Franchised Units: 224
Company Owned Units: 0
States Registered In: All states except North Dakota, Rhode Island (and cannot sell in DE, MS, UT)
Pending FDD registration in WA. 

  • New York Consideration : Under current home care agency regulations in New York, there is a Certificate of Need needed to operate and there are currently challenges to prove that need in 20 counties which we are currently not considering candidates. There are however 42 counties in the state that have a presumed need. Licensing requirements state that a full-time nurse must be on staff as a W-2 employee and all caregivers must be certified aides. If you need a complete list of counties where we can develop and questions regarding licensing, please contact us.
  • Oklahoma Consideration : The State of Oklahoma requires any person applying to take a test and there are only 4 schools in the state that offer the classes with limited offerings. If someone understands the working of the health system, it's possible to get licensed. Please contact us for more details.



Canada Franchises: Not offering new liscenses at this time.
International Franchises: No

Support and Training Offered By Homewatch CareGivers

Financial Assistance Provided: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: Resources to help
Co-Operative Advertising: No

5 Week New Owner Training Program :
Training will occur approximately every six weeks:
• Weeks 1-3 as remote training
• Week 4 as in-person training at the Franchise Support Center
• Week 5 as remote training

Our remote training consists of:
• HWCG University courses
• Practice Management System courses
• Live Zoom sessions
• Homework

In-person training in Denver, CO (which will be a total of 3.5 days):
• Refreshers on previously trained topics
• Role playing and practice of processes
• Hands on Practice Management System training


Additional & Ongoing training beyond the 5 weeks to include : 

Step-by-step Business Implementation Program includes one-on-one coaching with our OnBoarding Manager
Franchise Support Manager will go to an owner's office and accompany them in Community Outreach during their sales activity
Online caregiver training - train caregivers and staff with our accredited, accredited, online University
Monthly webinar training on a variety of topics
Best practices conference calls and webinars
Peer Groups
Business Reviews
Annual conference and regional meetings
Franchisee Advisory Council representatives
Knowledgeable staff keeps the franchise network informed on licensing and regulations, employment law, and public policy affecting the health care industry
Regulatory expertise to remain abreast of changing labor laws and health care regulations



2023 Franchise Requirements Needed to Own a Homewatch CareGivers Franchise.

What does a Homewatch CareGivers Franchise Cost?

Homewatch CareGivers franchise fees for 2023:

Cash Investment: $80,000
Total Investment: $92,310 - $154,000
Minimum Net Worth: $350,000
Franchise Fee: $50,000
Royalty: 5%
Ad: Greater of 2,000 per month or 3% gross revenue

In additional to local marketing fee, required to spent at least $500 per month or $6k annually on in person local marketing activities 


Average Number of Employees (office staff): 5-8; Caregivers can range from 20 -100+
Item 19: Yes
SBA Approved: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes
Diversity Discount : Yes
Local Hero/First Responder Discount : Yes

Semi-Absentee Ownership : Considered ; Semi-absentee for Homewatch involves hiring 2 full-time roles since they won't be fulfilling one of them. Depending on where they are located that will add $50k- $100k to the investment level. Semi-absentee owners need to be involved with the launch of the business because they have to apply for their home care license (if their state requires one), getting an office space and still going through our training program (5 weeks total/25 hrs dedication a week/1 of those weeks in Denver, the other 4 remote). After that it's of course general oversight of those 2 roles (Sales/Marketing and Operations).

Passive Ownership: No

DISCOUNTS : We now offer the following discounts (cannot be combined) :

o   Military - Veterans and Active Personnel - 30% off first territory only

o   Diversity Discount - $5k off first territory only for minority-owned, women-owned and LGBTQ+ owned businesses

o  Local Hero/First Responder's Discount - $5k off first territory only for all law enforcement officer, firefighter, doctor, nurse or EMT owned businesses

Is Homewatch CareGivers a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Homewatch CareGivers is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Homewatch CareGivers a Home Based franchise?

No. Homewatch CareGivers is not a home based franchise opportunity.

What Do Homewatch CareGivers Franchise Owners Make?

Click here to find out how much Homewatch CareGivers franchisees make. Homewatch CareGivers offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Homewatch CareGivers a Master Franchise Opportunity?

No. Homewatch CareGivers is not a master franchise opportunity.

Does Homewatch CareGivers Offer a Veteran Discount?

Yes. Homewatch CareGivers franchise does offer a veteran discount.

Does Homewatch CareGivers Work with E2 Visa and EB-5 Visa Candidates?

Yes. Homewatch CareGivers franchise does work with E2 Visa and EB-5 Visa candidates.

Is Homewatch CareGivers Looking for Franchisees in Canada?

No. Homewatch CareGivers franchise is not looking for Canada franchisees.

Is Homewatch CareGivers Looking for International franchisees?

No. Homewatch CareGivers franchise is not looking for International franchisees.

Where can I see Homewatch CareGivers's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Senior Care, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$50,000 - $100,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Homewatch CareGivers Franchises for Sale

Click Here to inquire about existing Homewatch CareGivers franchises for sale. We may have Homewatch CareGivers franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.