FRANCHISING FACTS AND INFORMATION

Q: What is a franchise?

A franchise is a legal arrangement whereby the owner of a trade name, the franchisor, contracts with an individual or group (franchisee) to use the name on a non-exclusive basis to sell goods or services within a specific geographic territory.  Business format franchises like the one that Homewatch CareGivers offers, provide a full range of services, training and support. The franchisee generally pays an initial franchise fee upon signing a franchise agreement and purchases a territory or outlet.  With Homewatch CareGivers’, a territory is purchased, as well as the rights to our proven business model and extensive training and support.

Q: Are franchisees offered their territories of choice?

If you are interested in a particular geographic area, our development professionals will work with you to identify the most lucrative market territory within your area of preference. Homewatch CareGivers offers tremendous opportunities for territory development in the United States and abroad!

Q: If the number of senior citizens in a territory increases, is the franchisee required to pay additional fees?

No - the franchisee is not required to pay for additional population growth within a territory.   Most, if not all territories, should experience rapid population growth in the years to come and franchisees simply reap the benefits of the ever-increasing senior population and exploding industry growth.

Q: Is a medical or healthcare background required to run a Homewatch CareGivers business?

No, this type of experience is not necessary. We have found that people with marketing, sales and operations experience in general, are best suited for this industry.  We also look for individuals with high, long-term income goals, who are equally interested in improving the lives of others.

Q: What is the FDD, or “disclosure document”?

The Federal Trade Commission (FTC) requires sellers of franchises and other business opportunity ventures to provide prospective investors with the Franchise Disclosure Document (FDD).  The FDD contains information needed to make an informed investment decision. The FTC also requires that the information investors receive be complete and accurate and that investors have adequate time to evaluate the disclosures before making any final purchase commitment. The FDD includes important items of information, such as:

  • Names, addresses and telephone numbers of other franchisees.
  • A fully audited financial statement of the seller.
  • The cost required starting and maintaining the business.
  • The responsibilities you and the seller will share once you buy a franchise

Q:  What is the income potential of a Homewatch CareGivers franchisee?

Unlike many of our competitors, we publish our earnings claims within the disclosure document.  We are proud to tout the success of our many franchise partners, and ultimately how our proven business model, based on over 26 years of hands-on experience, works!   Moreover, once you contact us and begin to work through the process of learning about Homewatch CareGivers, you will be given the opportunity to contact any of our franchise partners and have a personal discussion about their business experience.

Q: Where can I look for small business loans?