Homewatch CareGivers Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$50,000
Investment required
$92,000 - $154,000
Royalty fee
5.00%

Homewatch CareGivers: Redefining Compassionate Home Care Services

Homewatch CareGivers is a well-established franchise in the home care industry, founded in 1980 by Paul Sauer in Denver, Colorado. The franchise initially focused on providing high-quality, compassionate care services to the elderly and others in need within the Denver Metro area. As demand for home care services grew, Homewatch CareGivers began franchising in 1996, expanding its reach nationally and internationally. 

Today, the franchise is part of Authority Brands, LLC, and operates with a vision to be a premier provider of home care services worldwide, offering a wide range of care options.

Homewatch CareGivers offers a comprehensive suite of home care services that cater to various needs, including companion care, personal care, complex personal care, and care coordination. These services are designed to help clients maintain their dignity, independence, and safety, whether they are dealing with aging, chronic conditions, or recovery from surgery. 

What sets Homewatch CareGivers apart from other franchises is its commitment to a person-directed approach to care, focusing on building meaningful relationships with clients rather than just providing task-oriented assistance.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Franchise Fee $50,000
Telephone System $250 - $500
Training Expenses $2,000 - $5,000
Office Equipment and Computer Hardware and Off-the-Shelf Software $1,060 - $4,500
Lease and Security Deposits $3,000 - $8,000
Office Furniture $1,000 - $3,500
Insurance $8,000 - $18,000
Compliance Toolkit Fees $1,500
Licenses, Permits, and Professional Fees $500 - $8,000
Additional Funds (3 months) $25,000 - $55,000
TOTALS $92,310 - $154,000

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Number of units

2023
Franchised units

199

212

224

Company-owned units

0

0

0

Total units

199

212

224

Franchise Disclosure Document

Training 

Homewatch CareGivers Franchise provides an extensive training program designed to equip franchisees with the necessary skills and knowledge to successfully run their home care business. The training includes several key components:

  1. Initial Training Program: Franchisees begin with a comprehensive initial training program at the Homewatch CareGivers corporate headquarters. This program includes both classroom instruction and hands-on learning experiences. It covers a wide range of topics, such as the company’s business model, caregiver recruitment and retention, client care management, and operational procedures. The goal of this training is to ensure that franchisees understand the core aspects of running a successful home care business.
  2. Ongoing Support and Continuing Education: After the initial training, franchisees receive continuous support through various resources, including webinars, online training modules, and regional meetings. This ongoing education ensures that franchisees stay up-to-date with industry trends and best practices. Additionally, franchisees have access to a network of experienced professionals who provide guidance on marketing, financial management, and technology.
  3. Care+ Platform Training: Homewatch CareGivers has integrated the Care+ platform, a state-of-the-art business management software that helps franchisees streamline their operations. Franchisees receive specialized training on how to effectively use this platform to manage client care, caregiver schedules, and other essential business functions.

Territory Protection

Homewatch CareGivers franchise offer territory protection to its franchisees. This protection ensures that each franchisee is granted an exclusive geographic area where no other Homewatch CareGivers franchise can operate, allowing them to fully develop and serve their market without the concern of internal competition.

This exclusivity helps franchisees to build a strong client base and grow their business with confidence in their designated territory.

The size and boundaries of the protected territory are typically determined based on factors like population density and market demand for home care services.

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