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
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.
No. Homewatch CareGivers is not a home based franchise opportunity.
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.
No. Homewatch CareGivers is not a master franchise opportunity.
Yes. Homewatch CareGivers franchise does offer a veteran discount.
Yes. Homewatch CareGivers franchise does work with E2 Visa and EB-5 Visa candidates.
No. Homewatch CareGivers franchise is not looking for Canada franchisees.
No. Homewatch CareGivers franchise is not looking for International franchisees.
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.