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.

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.

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.

Territory

Homewatch CareGivers grants exclusive territories.