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Updated RecentlyHomewatch CareGivers vs 24/7 Nursing Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Homewatch CareGivers vs 24/7 Nursing Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $89,125 - $151,875 | $48,250 - $63,300 |
| Franchise Fee | $49,000 - $61,500 | $34,900 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1% | 1,5% |
| Year Founded | 1973 | 2013 |
| Year Franchised | 1986 | 2017 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Ongoing support | On-The-Job Training: 8 hours Classroom Training: 22-24 hours |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Grand Opening |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
| Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 30
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 10 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Homewatch CareGivers
Biochemist Paul A. Sauer founded Homewatch in 1973. The company's clients include the elderly, people recovering from illnesses and people being rehabilitated after injuries. Caregivers provide non-medical and limited health care services.
#116 on Entrepreneur's ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees
Veteran Incentives 10% off franchise fee
About 24/7 Nursing Care
24/7 Nursing Care, Inc is a leading provider of nursing care and companion services for individuals who want to remain independent and outside of a nursing home setting. We believe that the medical and emotional aspects of home health care should go together. The caregivers we place are those that excel both at their job and empathizing with patients. We believe there’s no point in focussing on a patient’s medical needs without addressing the need for tender loving care. As our name suggests, we provide round the clock care, both day and night. No job is too big or too small.
Following the success of our vision in our hometown of Miami, Florida, we were inspired to spread this ethos and offer franchise opportunities nationwide.
Benefits
We at 24/7 Nursing Care are committed to providing excellent nursing and companion services to our clients, whether it is long term or short term. It stands to follow then that we are also committed to the success of our franchisees. We will help you create your very own 24/7 Nursing Care. You will have personal consultant who will guide you through the business development process with everything from licensing and infrastructure to creating a targeted marketing plan for your franchise. With a low cost to start, and very little overhead, you will be sure to see a quick return on your investment.Offering
We have two franchise offerings available:• Own a single 24/7 Nursing Care franchise with a protected territory of 15,000 to 30,000 people who are 65 years old or older.
• Purchase the rights to a larger territory though an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies. larger territory through an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies.