| ||||
Updated RecentlyHomewatch CareGivers vs Caring Hearts Home Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Homewatch CareGivers vs Caring Hearts Home Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $89,125 - $151,875 | $5,900 - $7,500 |
| Franchise Fee | $49,000 - $61,500 | N/A |
| Royalty Fee | 5% | 0 |
| Advertising Fee | 1% | - |
| Year Founded | 1973 | 2005 |
| Year Franchised | 1986 | 2005 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| 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 |
||
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Ongoing support | On site 3-Day Comprehensive One on One training |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| 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) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | 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 Caring Hearts Home Care
Your local Caring Hearts® office is operated and staffed by trusted, local professionals who understand your needs. As part of the community, their outlook and values align with yours. They’ll work with you to develop a plan that provides the right amount of care for your situation. They can also work with you to find payment options available in your community, including any Medicaid, insurance and veteran’s benefits. No one should have to worry about a loved one who needs assistance. All Caring Hearts® employees undergo an extensive background check, and all offices are bonded and insured.
Caring Hearts® is also able to provide another level of security through its line of Direct Link® products, such as Personal Emergency Response Systems (PERS), fall sensors, automated medication dispensers and vital signs monitoring units. These Direct Link® PERS units are monitored 24/7/365 by specially trained staff who are ready to assist in any emergency response situation. When combined with in-home care visits, Direct Link® makes keeping a loved one safe around the clock even more affordable.