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Homewatch Caregivers

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Home & Senior Care
Investment Range
$91,810- $177,750
Total US Locations
213
Franchise Units
213
Founding Year
1980
Started Offering Franchises
1996
Management Capacity
Owner Operator
Job Count
6
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
5%
Marketing Fee
3%
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.

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
Franchise Fee
$50,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Franchise Fee
$4,330
$9,764
On signing of Franchise Agreement
Telephone System
$4,330
$9,764
As Incurred
Training Expenses
$4,330
$9,764
As Incurred
Training Expenses
$4,330
$9,764
Before Office Opens
Insurance
$4,330
$9,764
Before Starting Business
Compliance Toolkit Fees
$4,330
$9,764
On Signing the Franchise Agreement
Licenses, Permits, and Professional Fees
$4,330
$9,764
As Incurred
Additional Funds
$4,330
$9,764
As Incurred
TOTALS
$4,330
$4,330
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
NA
$4,330
$9,764
NA
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
2021
+13
199
212
Franchised
2022
212
212
-9
2023
212
213
-9
2021
0
0
-9
Company-Owned
2022
0
0
0
2023
0
0
0
2021
199
212
+13
2022
2012
222
+10
2023
222
212
-9
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
4,03%
10 Year Cumulative Defaults
23,08%
3 Year Predicted Default Rate
6,00%
*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
Historical financial performance representations
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

*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.