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Franchise Snapshot

FINANCIAL INVESTMENT
Startup: $73,500 - $125,000
Cash Required: $50,000
Net Worth Required: $250,000

COMPANY STATS
Year Founded: 1980
Franchising Since: 1996
Total Locations: 205
Total Franchisees: 114

AREAS FRANCHISING
-Canada
-International
- The following US states: AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, HI, IA, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MS, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, VT, WA, WI, WV

Franchise Interviews

PODCAST
Homewatch CareGivers: Taking care of the caregiver
An interview with Homewatch CareGivers President Leann Reynolds.

Franchise Q&A

Commonly asked questions and answers about this franchise opportunity.

Q: Will the market for the home care industry continue to grow?
A: According to an AARP study, 89% of seniors prefer to age in their own homes. As the senior population has become the fastest growing segment in the United States, the need for home care will continue to increase. The U.S. Census Bureau predicts that people over the age of 65 will comprise about 20% of the U.S. population by 2030. With a broad spectrum of consumers in need of home-based care, the U.S. Bureau of Labor and Statistics has projected the industry to reach $94.4 billion by 2015, compared to $71.5 billion in 2011.

Q: What is my income potential with owning a Homewatch CareGivers franchise?
A: We publish our financial performance representations within our Franchise Disclosure Document (FDD) which you will receive during the discovery process. We are proud to illustrate the success of our Franchisees, and ultimately how our proven business model succeeds. Moreover, once you contact us and begin to work through the process of learning about Homewatch CareGivers, you will be given the opportunity to contact any of our Franchisees and have a personal discussion about their business experience.

Q: What are the financial requirements for purchasing a Homewatch CareGivers franchise?
A: We look for individuals with at least $50,000 cash and a minimum net worth of $250,000.

Q: What is the cost of a Homewatch CareGivers Territory?
A: The initial franchise fee is $39,000 for a territory with a population of up to 39,000 seniors, with an additional per 1,000 population fee for up to 50,000 seniors; Second territories are discounted to $34,000. Homewatch CareGivers proudly participates in the International Franchise Association’s (IFA) VetFran program by offering veterans a 10% discount on the initial territory fee. Royalty fees are 5% of your monthly gross revenues.

Q: What will it cost me total to invest in a Homewatch CareGivers franchise?
A: Homewatch CareGivers estimates your first year initial investment will range between $110,000 and $185,000, which includes your franchise fee, working capital and other startup costs. The investment cost is based on varying factors, including the size of the territory you purchase, whether your state requires licensing, and the cost of operating in your local market area.

Q: Where can I look for small business loans?
A: Homewatch CareGivers is an SBA-approved franchise. The Small Business Administration (SBA) can help you get small business loans as well as offer valuable advice. We will also help you work through the loan process, as we have relationships with national financing partners. Other sources for small business loans include home equity, veteran's loans, banks, self-directed financing (e.g., 401(k) rollover), credit unions, unsecured lines of credit, and friends and relatives.

Q: How does Homewatch CareGivers determine the territory where I will operate?
A: Homewatch Caregivers awards exclusive territories that are not pre-set, but are developed collaboratively with you. Our development team will work with you using demographics tools to build the market area of your choice. Your territory will be comprised of contiguous zip codes with healthy household incomes and up to 50,000 seniors.

Q: Is a medical or healthcare background required to run a Homewatch CareGivers business?
A: No, medical and healthcare experience is not necessary. We find that people with marketing, sales or operations experience are well suited for this industry. We also look for individuals with high, long-term income goals who are equally interested in improving the lives of others. Other traits we look for are strong people skills, the required amount of capital, financial stability, business/management background, self-motivation, and the willingness to follow a proven franchise system.

 

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Top Franchises> Homewatch CareGivers

Homewatch CareGivers

Ranking #12 in 100-249 Locations

Discover what it means to do great … in your life, for your family, and within your community

Homewatch CareGivers was founded in 1980 on the principle of delivering high-quality and compassionate care to people who need home health care services. Today, this vision lives on in the hearts of our Franchisees, who on a daily basis witness the power of care – from providing the assistance that helps people age, rehabilitate, or recover at home; to providing peace of mind for clients and their loved ones; to leaving a lasting impact on their communities and their families.

Why Home Care?
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.

Why Homewatch CareGivers?
If you want a business that you can be proud of, consider becoming a Homewatch CareGivers Franchisee. You’ll provide peace of mind to your clients and their loved ones. And you’ll be invested in a company with high growth potential, ongoing support and encouragement, and a strong and rewarding future.

  • A professional, passionate and successful franchise organization, caring for people in their homes since 1980
  • A family-focused culture that values each and every Franchisee
  • A complete support system from a knowledgeable team of Subject Matter Experts
  • Homewatch CareGivers University offers accredited courses for affordable, ongoing training of staff
  • We create customized care solutions for specific chronic conditions, including MS, diabetes, and our proprietary Pathways to Memory™ dementia care program
  • We are committed to doing what it takes to help our Franchisees succeed

Training and Support
Through training and ongoing support, each franchisee is armed with the tools and resources needed to build a successful home care business.

  • 6-Week Pre-Training Program to get your business ready to open immediately after classroom training
  • Week-long classroom training at the Homewatch Support Center in Denver
  • 52-week step-by-step Business Implementation Program guided by our team of Subject Matter Experts
  • In-field launch program at your office
  • Sales & Marketing and Operations “Boot Camps”
  • Online Caregiver Training – train your caregivers with our accredited, online University
  • Monthly Webinar Training
  • Marketing training for 40+ referral source categories
  • Best practices & Panel of Pros conference calls to keep you on the leading edge of the industry
  • Annual Conference and Quarterly Regional Meetings
  • Franchisee Advisory Council Representatives
  • Peer group forums for franchisee-to-franchisee communications and support

Is Homewatch CareGivers Right For You?
Homewatch CareGivers Franchisees provide much-needed services, while benefiting from a market with expected long term growth. Ideal candidates should be interested in providing employment and improving the quality of life for families within their communities, as well as being self-motivated and willing to follow a franchise system. Business management skills are preferred; sales and marketing skills are a plus. Health care experience is not required.

Your Next Step
The next step is yours to take. We offer a 3-phase, education-based process to help you discover if this business is right for you. In addition, our franchise consultants will get to know you better and see if you are a fit for our culture. Please fill out the brief request form below to get started on the road to ownership!

NOTE: Homewatch CareGivers is currently NOT franchising within the following states: DE, ID, LA, MT, NC, ND, NH, SD, UT, WY

FREE Information Request

Complete the form below to receive more information about franchise opportunities with Homewatch CareGivers.

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Timeframe Immediately
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Please check the available market(s) you are interested in:
AKALARAZCA
COCTDCFLGA
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I understand the financial requirements of this franchise opportunity, and understand Homewatch CareGivers is currently ONLY franchising within the states listed above. I would like to have someone contact me with more information.