|
Below is an in-depth analysis and side-by-side comparison of Homewatch CareGivers vs Visiting Angels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $89,125 - $151,875 | $123,460 - $161,150 |
Franchise Fee | $49,000 - $61,500 | $49,950 - $79,950 |
Royalty Fee | 5% | 3.5-3% |
Advertising Fee | 1% | 2.5 -2% |
Year Founded | 1973 | 1992 |
Year Franchised | 1986 | 1998 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | $2.5K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
||
Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Ongoing support | Classroom Training: 46 hours Additional Training: 5+ regional refresher meetings per year; monthly webinars; annual conference |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | CCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development |
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) |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
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
Our senior care establishment openings are intended to give the bolster you have to assemble a flourishing business. With around 8,000 Americans turning 65 every day, the requirement for private obligation home care is developing drastically. By 2030, it is anticipated there will be 72 million seniors in the United States. Families are extended thin. Adjusting the necessities of elderly guardians or relatives with profession obligations and bringing up kids has never been more troublesome. Our private obligation mind administrations give the bolster numerous families require.