Homewatch
CareGivers is the largest and most experienced full-service home care franchise,
operating in over 170 locations in 7 different countries.
In addition to the widest range of home care services, Homewatch CareGivers
offers the most individual revenue streams of any home care franchise,
including nursing services, transportation services, the Pathways to Memory®
Alzheimer’s Program, medical tourism partnerships and numerous other exclusive services
and programs. 27 years of medical and non-medical experience
translates to success for Homewatch CareGivers, making it a
premier provider of senior care franchises and in-home care services for
people of all ages.
The number of
people age 85 and older is expected to increase by 78% in the next ten years
and every day 12,000 baby-boomers turn 65 years old. With the increasing senior
population, Homewatch CareGivers is a great business
franchise opportunity for those who seek to own a home health care
business in the huge in-home care market while making a positive difference in their
communities.
Operating Units
12/31/2006
12/31/2007
12/31/2008
Franchised
122
128
138
% Change
--
4.9%
7.8%
Company-Owned
6
6
3
% Change
--
0.0%
-50.0%
Total
128
134
141
% Change
--
4.7%
5.2%
Franchised as % of
Total
95.31%
95.52%
97.87%
Investment
Required
The
fee for a Homewatch CareGivers franchise is $35,000 for a typical
territory.The fee is increased for
proposed territories containing more than 35,000 persons age 65 and older.Homewatch CareGivers offers financing for
existing franchisees who wish to expand their territory or purchase a second
territory.
Homewatch
CareGivers provides the following range of investments required to open your
initial franchise. The range assumes that all items are paid for in cash. To
the extent that you choose to finance any of these expense items, your
front-end investment could be substantially reduced.
Item
Established Low
Range
Established High
Range
Franchise
Fee (per territory)
$35,000
$50,000
Initial
Telephone System Costs (2 lines)
$500
$1,000
Training
Expenses
$1,500
$4,500
Office
Equipment, Computer Hardware and Software
$1,000
$2,000
Security
Deposits
$1,000
$3,000
Office
Furniture
$1,000
$2,000
Insurance,
Liability and Bonding
$3,000
$5,000
Workers’
Compensation Insurance
$2,000
$4,000
Opening
Marketing Campaign
$5,000
$5,000
Additional
Funds (6 months)
$40,000
$63,500
Total
Investment (per territory)
$90,000
$140,000
On-going
Expenses
Homewatch
CareGivers franchisees pay royalty fees equal to 5% of monthly gross billings
on non-Medicaid Clients (2% for Medicaid gross billings), a national marketing
fee equal to 1% of monthly gross billings and annual required local
promotion/marketing expenditures equal to a minimum of 4% of gross
billings.Other fees payable by the
franchisee include monthly software fees, email service and technical
assistance fees and software updates and maintenance.
What You Get—Training
and Support
Franchise
business partners and key staff members benefit from the extensive five-day
classroom training program at the corporate office located in Denver, CO. Following
this, franchisees participate in the proprietary 52-week Business Development Implementation Program,
which ensures that each business gets off to a fast start. Homewatch
provides intensive caregiver training, along with ongoing recruiting, training
and retraining programs for caregivers to guarantee that clients receive the
highest level of services.
Homewatch
CareGivers also hosts area and regional meetings and an annual conference
allowing franchise owners to learn from one another. Regular training
webinars, as well as the franchise partner extranet (HomeShare), are valuable
tools in keeping franchisees up-to-date on the latest operational and marketing
techniques. Additional franchise support is provided through orchestrated
national campaigns and strategic business partners to drive revenue into local
Homewatch CareGivers businesses.
