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Homewatch Caregivers

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Home & Senior Care
Investment Range
$92,310 - $154,000
Total US Locations
213
Franchise Units
213
Founding Year
1980
Started Offering Franchises
1996
Management Capacity
Owner Operator
Job Count
6
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
5%
Marketing Fee
2%
Franchise Fee
$50,000
Headquarters (City, State)
Columbia, MD
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Homewatch CareGivers’ franchise owners employ caregivers to provide companionship and personal care in clients' homes. Their network of collaborative franchisees are united in passion and purpose to improve clients’ lives and create meaningful connections each day. Their franchisees have the support of a home care franchisor with over 35 years of experience caring for seniors and people of all ages, since 1980. Whether clients are aging, disabled or rehabilitating, Homewatch CareGivers’ franchisees provide high quality care to those who wish to remain living safely and independently at home, while giving families peace of mind that their loved ones are being cared for by highly trained, professional caregivers. ​Services include: wide range of in-home care, physical therapy, specialized care, and staffing, in addition to other services.​

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Management team / founders

In 1980, Homewatch CareGivers was founded by Paul Sauer on the principle of delivering high-quality and compassionate care to people who needed home care services. Eventually, they began franchising upon realizing there was a greater need for quality home care services throughout the country. For nearly four decades, the Sauer family ran the company and continued to expand its national and international footprint. Today, the original vision of being the premier provider of home care services continues under the ownership of their parent company Authority Brands, LLC. Under their Chief Operating Officer Jennifer Tucker, Homewatch CareGivers endeavors to strengthen its position within the continuum of care by preserving dignity, independence, and safety for clients.

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Focus of owner for daily business operations

As a Homewatch Caregivers operator, the main facets of the business entail: 1. Establishing and building upon relationships with referral networks within the community; 2. Recruiting and hiring of competent homecare workers; 3. Supervising and ensuring homecare workers are trained.

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
5%
6%
6%
Marketing Fee
2%
1.5%
2%
Franchise Fee
$50,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Franchise Fee
$50,000
On signing of Franchise Agreement
Telephone System
$250
$500
As Incurred
Training Expenses
$2,000
$5,000
As Incurred
Lease and Security Deposits
$3,000
$8,000
Before Office Opens
Insurance
$8,000
$18,000
Before Starting Business
Compliance Toolkit Fees
$1,500
On Signing the Franchise Agreement
Licenses, Permits, and Professional Fees
$500
$8,000
As Incurred
Additional Funds
$25,000
$55,000
As Incurred
TOTALS
$92,310
$154,000
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
199
212
+13
Franchised
2022
212
222
+10
N/A
2023
222
213
-9
N/A
2021
0
0
0
Company-Owned
2022
0
0
0
N/A
2023
0
0
0
N/A
2021
199
212
+13
Total Outlets
2022
2012
222
+10
N/A
2023
222
212
-9
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Homewatch Caregivers
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0,47%
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Homewatch CareGivers has been a strong player in the industry for over 30 years. Home care can be a profitable business as long as the franchisee is able to quickly establish ties within their community and the referral network. Once the business is able to get in patients and referrals, it has high potential to quickly become profitable. Ideal business for individuals with strong English skills, ability to generate referrals, and ability to hire / manage workers.