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Updated RecentlySynergy HomeCare vs Homewatch CareGivers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Synergy HomeCare vs Homewatch CareGivers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $38,991 - $160,718 | $89,125 - $151,875 |
| Franchise Fee | $27,000 - $94,000 | $49,000 - $61,500 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2% | 1% |
| Year Founded | 2000 | 1973 |
| Year Franchised | 2005 | 1986 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 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/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Ongoing support |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations |
Franchise can be run from home.
Number of employees needed to run franchised unit: 1 - 1
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
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) |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
Company Overviews
About Synergy HomeCare
Join the Fastest Growing Franchise
in the Fastest Growing Industry
Turned into a Synergy HomeCare establishment proprietor and go along with one of the quickest developing non-therapeutic home care establishments in North America!
* #3 in the Franchise Business Review's Franchise 50 Awards!
* Recognized by Entrepreneur Magazine as one of the Top 500 Franchises!
* MSNBC Top 10 Business List
* Recession-confirmation
* In-home senior care is the quickest developing industry
* Low start-up expenses
* Proven framework
* Turn key operation
There are presently more than 34 million individuals in the U.S. over age 65 - around 12% of the populace. In 25 years, this age gathering will develop to more than 70 million. With our built up establishment idea, you can help the opportune people give important non-restorative home care administrations - administrations that specifically affect the personal satisfaction of our customers and their families. Prepared for an establishment opportunity that will give you finish control over your budgetary future?
1. Do the exploration
Find out about Synergy HomeCare establishments, start-up necessities, history, inquiries and venture required.
2. Get more data
Ask for our UFOC and definite data.
3. Discover what's next
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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