Homewatch CareGivers Franchise Prices, Charges, Revenues, Income (2023 Evaluation)


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On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Homewatch CareGivers franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising and marketing payment for a Homewatch CareGivers franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD

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Part III – Variety of franchised and company-owned Homewatch CareGivers shops in the beginning of the 12 months and the top of the 12 months for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Homewatch CareGivers franchise alternative

Part V – Presentation and evaluation of Homewatch CareGivers’ monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

  • 2021 common, median, excessive, and low gross income per territory and per franchisee for the 90 Homewatch CareGivers franchisees representing 176 territories that had been in operation for your complete 2021 fiscal 12 months
  • combination gross income development between calendar years 2020 and 2021 for the 90 Homewatch CareGivers franchisees that had been in enterprise and reporting gross income as of December 31, 2020 and as of December 31, 2021
  • 2016-2021 systemwide gross sales and year-over-year development proportion for the Homewatch CareGivers franchisees that had been in enterprise through the relevant 12 months
  • 2021 common, median, excessive, and low gross income for the 80 Homewatch CareGivers franchisees who reported gross income higher than $0 in all 12 months of 2021 and had been in enterprise for at the least 3 years as of December 31, 2021
  • 2021 common variety of shoppers per thirty days and proportion of gross income by hours of care (24 hours care, 12-23 hours care, 3-11 hours care, 2 or much less hours care) for 88 Homewatch CareGivers franchisees who used the centralized apply administration software program system Homewatch CareGivers Care+ (“Care+”) for all months throughout 2021 and who had been in enterprise as of the top of 2021
  • 2021 common direct caregiver prices for 36 Homewatch CareGivers franchisees who (i) used the monetary aggregation and benchmarking vendor, Qvinci, (ii) had accomplished and submitted to Homewatch CareGivers their monetary statements for 2021, and (iii) had been in enterprise for at the least 2 years as of December 31, 2021 (primarily based on their first reported month with gross income higher than $0)
  • 2021 common and median variety of caregivers on shift per week and variety of hours per caregiver per week for 90 Homewatch CareGivers franchisees working 176 territories that used Care+ apply administration software program
  • 2021 income combine (non-public pay and authorities) for 90 Homewatch CareGivers franchisees working 185 territories that reported gross income in 2021 at any time through the 2021 fiscal 12 months and had been working as of December 31, 2021 utilizing Care+

Part VI – Key ratios, comparables, computations, and analyses for the Homewatch CareGivers franchise alternative (unique content material for Platinum subscribers)

Part I – Homewatch CareGivers Franchise Prices

  • Franchise Price:  $50,000
  • Phone System:  $250 to $500
  • Coaching Bills:  $2,000 to $5,000
  • Workplace Tools and Laptop {Hardware} and Off-the-Shelf Software program:  $1,060 to $4,500
  • Lease and Safety Deposits:  $3,000 to $8,000
  • Workplace Furnishings:  $1,000 to $3,500
  • Insurance coverage:  $8,000 to $18,000
  • Compliance Toolkit Price:  $1,500
  • Licenses, Permits, and Skilled Charges:  $500 to $8,000
  • Extra Funds for 3 Months:  $25,000 to $55,000
  • Complete Estimated Homewatch CareGivers Franchise Prices:  $91,810 to $177,750

Part II – Homewatch CareGivers’ Preliminary Franchise Price, Royalty Price, and Advertising and marketing Price

  • Preliminary Franchise Price:  $50,000
  • Royalty Price:  5% of Gross Income or the Minimal Royalty, whichever is bigger. The Minimal Royalty is calculated as follows: Months 0-6: None; Months 7-12: $500; Months 13-24: $1,000; Months 25-36: $1,250; Months 37-48: $1,500; Months 49-60: $2,000; Months 61 and thereafter: $2,500
  • Model Fund Contribution:  at the moment, the contribution relies in your Gross Income for the calendar 12 months and is payable in line with the next schedule: 2% of the primary $500,000 of Gross Income within the then-current calendar 12 months; then 1.5% of Gross Income in extra of $500,000 and as much as $1,000,000 within the then-current calendar 12 months; then 1% of Gross Income in extra of $1,000,000 and as much as $2,000,000 within the then-current calendar 12 months; then 0.5% of Gross Income in extra of $2,000,000
  • Native Advertising and marketing (“LM”) and/or Cooperative:  the higher of: (i) $1,500 a month; or (ii) 2% of your month-to-month Gross Income averaged over the previous 12 months

Part III – Variety of Franchised and Firm-Owned Homewatch CareGivers Shops

Franchised

2019

  • Shops on the Begin of the 12 months:  174
  • Shops on the Finish of the 12 months:  185
  • Internet Change:  +11

2020

  • Shops on the Begin of the 12 months:  185
  • Shops on the Finish of the 12 months:  198
  • Internet Change:  +13

2021

  • Shops on the Begin of the 12 months:  198
  • Shops on the Finish of the 12 months:  212
  • Internet Change:  +14

Firm-Owned

2019

  • Shops on the Begin of the 12 months:  0
  • Shops on the Finish of the 12 months:  0
  • Internet Change:  0

2020

  • Shops on the Begin of the 12 months:  0
  • Shops on the Finish of the 12 months:  0
  • Internet Change:  0

2021

Franchises Ranked by Average Revenues and Profits
  • Shops on the Begin of the 12 months:  0
  • Shops on the Finish of the 12 months:  0
  • Internet Change:  0

Part IV – Information Updates on the Homewatch CareGivers Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Homewatch CareGivers Franchise (Merchandise 19, 2022 FDD)

  • The charts under comprise outcomes of operations of Homewatch CareGivers franchised companies situated in the US for the calendar 12 months 2021 and calendar 12 months 2020 (for functions of Half 2), as reported to Homewatch CareGivers by its franchisees.
  • As of December 31, 2021, there have been a complete of 116 Homewatch CareGivers franchisees (“Franchisees”) working a complete of 212 Territories. Some Franchisees could have added Territories through the 2021 fiscal 12 months and people Territories are included on this presentation.

Half 1A – Gross Income by Years in Enterprise, by Territory for the Fiscal 12 months Ended December 31, 2021

  • Half 1 under presents info on 90 Franchisees representing 176 Territories that had been in operation for your complete 2021 fiscal 12 months.
  • Excluded from these charts are 3 Franchisees (representing 3 Territories) who closed through the 2021 fiscal 12 months, and 22 Franchisees (representing 27 Territories) who opened through the 2021 fiscal 12 months and had been in operation lower than one 12 months.

Years in Enterprise:  1-2 Years

  • Variety of Franchisees in Group:  10
  • Variety of Territories in Group:  11
  • Combination Gross Income:  $7,722,980
  • Common Gross Income Per Territory in Group:  $702,089
  • Median Gross Income of Territories in Group:  $382,821
  • Highest Gross Income of Territories in Group:  $1,935,018
  • Lowest Gross Income of Territories in Group:  $142,424
  • Variety of Territories Reaching or Exceeding Group Common:  4
  • P.c of Territories Reaching or Exceeding Group Common:  36%

Years in Enterprise:  2-3 Years

  • Variety of Franchisees in Group:  13
  • Variety of Territories in Group:  17
  • Combination Gross Income:  $9,607,058
  • Common Gross Income Per Territory in Group:  $565,121
  • Median Gross Income of Territories in Group:  $464,501
  • Highest Gross Income of Territories in Group:  $1,032,596
  • Lowest Gross Income of Territories in Group:  $190,591
  • Variety of Territories Reaching or Exceeding Group Common:  6
  • P.c of Territories Reaching or Exceeding Group Common:  35%

Years in Enterprise:  3-4 Years

  • Variety of Franchisees in Group:  8
  • Variety of Territories in Group:  12
  • Combination Gross Income:  $9,098,460
  • Common Gross Income Per Territory in Group:  $758,205
  • Median Gross Income of Territories in Group:  $684,239
  • Highest Gross Income of Territories in Group:  $1,129,937
  • Lowest Gross Income of Territories in Group:  $262,067
  • Variety of Territories Reaching or Exceeding Group Common:  4
  • P.c of Territories Reaching or Exceeding Group Common:  33%

Years in Enterprise:  4+ Years

  • Variety of Franchisees in Group:  59
  • Variety of Territories in Group:  136
  • Combination Gross Income:  $156,322,585
  • Common Gross Income Per Territory in Group:  $1,149,431
  • Median Gross Income of Territories in Group:  $681,730
  • Highest Gross Income of Territories in Group:  $18,083,219
  • Lowest Gross Income of Territories in Group:  $205,464
  • Variety of Territories Reaching or Exceeding Group Common:  21
  • P.c of Territories Reaching or Exceeding Group Common:  15%

Complete

  • Variety of Franchisees in Group:  90
  • Variety of Territories in Group:  176
  • Combination Gross Income:  $182,751,083
  • Common Gross Income Per Territory in Group:  $1,038,358
  • Median Gross Income of Territories in Group:  $628,421
  • Highest Gross Income of Territories in Group:  $18,083,219
  • Lowest Gross Income of Territories in Group:  $142,424
  • Variety of Territories Reaching or Exceeding Group Common:  34
  • P.c of Territories Reaching or Exceeding Group Common:  19%

Half 1B – Gross Income by Years in Enterprise, by Franchisee for the Fiscal 12 months Ended December 31, 2021

Years in Enterprise:  1-2 Years

  • Variety of Franchisees in Group:  10
  • Variety of Territories in Group:  11
  • Combination Gross Income:  $7,722,980
  • Common Gross Income Per Franchisee in Group:  $772,298
  • Median Gross Income of Franchisees in Group:  $382,821
  • Highest Gross Income of Franchisees in Group:  $3,870,035
  • Lowest Gross Income of Franchisees in Group:  $142,424
  • Variety of Franchisees Reaching or Exceeding Common Gross Income:  3
  • P.c of Franchisees Reaching or Exceeding Common Gross Income:  30%

Years in Enterprise:  2-3 Years

  • Variety of Franchisees in Group:  13
  • Variety of Territories in Group:  17
  • Combination Gross Income:  $9,607,058
  • Common Gross Income Per Franchisee in Group:  $739,004
  • Median Gross Income of Franchisees in Group:  $550,667
  • Highest Gross Income of Franchisees in Group:  $1,874,740
  • Lowest Gross Income of Franchisees in Group:  $190,591
  • Variety of Franchisees Reaching or Exceeding Common Gross Income:  5
  • P.c of Franchisees Reaching or Exceeding Common Gross Income:  38%

Years in Enterprise:  3-4 Years

  • Variety of Franchisees in Group:  8
  • Variety of Territories in Group:  12
  • Combination Gross Income:  $9,098,460
  • Common Gross Income Per Franchisee in Group:  $1,137,308
  • Median Gross Income of Franchisees in Group:  $707,207
  • Highest Gross Income of Franchisees in Group:  $2,259,875
  • Lowest Gross Income of Franchisees in Group:  $262,067
  • Variety of Franchisees Reaching or Exceeding Common Gross Income:  3
  • P.c of Franchisees Reaching or Exceeding Common Gross Income:  38%

Years in Enterprise:  4+ Years

  • Variety of Franchisees in Group:  59
  • Variety of Territories in Group:  136
  • Combination Gross Income:  $156,322,585
  • Common Gross Income Per Franchisee in Group:  $2,649,535
  • Median Gross Income of Franchisees in Group:  $1,499,861
  • Highest Gross Income of Franchisees in Group:  $36,166,437
  • Lowest Gross Income of Franchisees in Group:  $343,492
  • Variety of Franchisees Reaching or Exceeding Common Gross Income:  14
  • P.c of Franchisees Reaching or Exceeding Common Gross Income:  24%

Complete

  • Variety of Franchisees in Group:  90
  • Variety of Territories in Group:  176
  • Combination Gross Income:  $182,751,083
  • Common Gross Income Per Franchisee in Group:  $2,030,568
  • Median Gross Income of Franchisees in Group:  $1,125,273
  • Highest Gross Income of Franchisees in Group:  $36,166,437
  • Lowest Gross Income of Franchisees in Group:  $142,424
  • Variety of Franchisees Reaching or Exceeding Common Gross Income:  22
  • P.c of Franchisees Reaching or Exceeding Common Gross Income:  24%

Half 1C – Gross Income Development by Years in Operation (2020 Fiscal 12 months to 2021 Fiscal 12 months Comparability)

Years in Enterprise as of December 31, 2021:  1-2 Years

  • Variety of Franchisees in Group:  10
  • Variety of Territories in Group:  11
  • 2020 Combination Gross Income of Group:  $4,927,556
  • 2021 Combination Gross Income of Group:  $7,722,980
  • Gross Income Development P.c:  57%

Years in Enterprise as of December 31, 2021:  2-3 Years

  • Variety of Franchisees in Group:  13
  • Variety of Territories in Group:  17
  • 2020 Combination Gross Income of Group:  $6,505,493
  • 2021 Combination Gross Income of Group:  $9,607,058
  • Gross Income Development P.c:  48%

Years in Enterprise as of December 31, 2021:  3-4 Years

  • Variety of Franchisees in Group:  8
  • Variety of Territories in Group:  12
  • 2020 Combination Gross Income of Group:  $8,000,914
  • 2021 Combination Gross Income of Group:  $9,098,460
  • Gross Income Development P.c:  14%

Years in Enterprise as of December 31, 2021:  4+ Years

  • Variety of Franchisees in Group:  59
  • Variety of Territories in Group:  136
  • 2020 Combination Gross Income of Group:  $142,529,037
  • 2021 Combination Gross Income of Group:  $156,322,585
  • Gross Income Development P.c:  10%

Complete

  • Variety of Franchisees in Group:  90
  • Variety of Territories in Group:  176
  • 2020 Combination Gross Income of Group:  $161,963,000
  • 2021 Combination Gross Income of Group:  $182,751,083
  • Gross Income Development P.c:  13%

Half 2 – Lively Franchisee Identical-Retailer Gross Income Development (in Enterprise and Reporting as of December 31, 2020 to December 31, 2021)

  • Half 2 under reveals the full Gross Income development between fiscal years 2020 and 2021 for 90 Franchisees that had been in enterprise and reporting Gross Income as of December 31, 2020 and as of December 31, 2021.

Complete Gross Income

  • 2020:  $162,227,544
  • 2021:  $183,226,394
  • 12 months-Over-12 months Development Proportion:  13%

Half 3 – Systemwide Gross sales Development

2016

  • Systemwide Gross sales:  $119,769,829

2017

  • Systemwide Gross sales:  $124,942,754
  • 12 months-Over-12 months Development Proportion:  4%

2018

  • Systemwide Gross sales:  $138,436,743
  • 12 months-Over-12 months Development Proportion:  11%

2019

  • Systemwide Gross sales:  $155,926,017
  • 12 months-Over-12 months Development Proportion:  13%

2020

  • Systemwide Gross sales:  $170,490,047
  • 12 months-Over-12 months Development Proportion:  9%

2021

  • Systemwide Gross sales:  $191,059,146
  • 12 months-Over-12 months Development Proportion:  12%

Half 4 – Mature Franchisees Gross Income Efficiency

  • Half 4 under reveals knowledge of the 80 Franchisees who reported Gross Income higher than $0 in all 12 months of 2021 and had been in enterprise for at the least 3 years as of December 31, 2021. These Franchisees operated a complete of 165 Territories throughout 2021.
  • This chart excludes 10 Franchisees (working a complete of 47 territories) who had been in enterprise for lower than 3 years as of December 31, 2021.

Mature Franchisees with Much less Than $1 Million in 2021 Gross Income

  • Variety of Franchisees:  31
  • Variety of Territories:  39
  • Combination Gross Income:  $16,905,501
  • Common Gross Income:  $545,339
  • Median Gross Income:  $514,850
  • Variety of Franchisees Reaching or Exceeding Group Common:  14
  • P.c of Franchisees Reaching or Exceeding Group Common:  45%
  • Highest Gross Income in Group:  $981,305
  • Lowest Gross Income in Group:  $190,591

Mature Franchisees with $1 Million to $2 Million in 2021 Gross Income

  • Variety of Franchisees:  28
  • Variety of Territories:  62
  • Combination Gross Income:  $41,751,480
  • Common Gross Income:  $1,491,124
  • Median Gross Income:  $1,490,662
  • Variety of Franchisees Reaching or Exceeding Group Common:  14
  • P.c of Franchisees Reaching or Exceeding Group Common:  50%
  • Highest Gross Income in Group:  $1,996,839
  • Lowest Gross Income in Group:  $1,026,524

Mature Franchisees with Larger Than $2 Million in 2021 Gross Income

  • Variety of Franchisees:  21
  • Variety of Territories:  64
  • Combination Gross Income:  $116,371,122
  • Common Gross Income:  $5,541,482
  • Median Gross Income:  $3,034,351
  • Variety of Franchisees Reaching or Exceeding Group Common:  5
  • P.c of Franchisees Reaching or Exceeding Group Common:  24%
  • Highest Gross Income in Group:  $36,166,437
  • Lowest Gross Income in Group:  $2,045,190

All Mature Franchisees

  • Variety of Franchisees:  80
  • Variety of Territories:  165
  • Combination Gross Income:  $175,028,104
  • Common Gross Income:  $2,187,851
  • Median Gross Income:  $1,307,032
  • Variety of Franchisees Reaching or Exceeding Group Common:  19
  • P.c of Franchisees Reaching or Exceeding Group Common:  24%
  • Highest Gross Income in Group:  $36,166,437
  • Lowest Gross Income in Group:  $190,591

Half 5 – 2021 Gross Income by Hours of Care

  • Half 5 under presents a breakdown of the proportion of Gross Income by Hours of Look after 88 Franchisees who used the centralized apply administration software program system Homewatch CareGivers Care+ (“Care+”) for all months throughout 2021 and who had been in enterprise as of the top of 2021.

24 Hours Care

  • Common Per Franchisee:  2
  • P.c of Gross Income:  8.2%

12-23 Hours Care

  • Common Per Franchisee:  9
  • P.c of Gross Income:  22.1%

3-11 Hours Care

  • Common Per Franchisee:  52
  • P.c of Gross Income:  54.4%

2 or Much less Hours Care

  • Common Per Franchisee:  34
  • P.c of Gross Income:  15.3%

Half 6 – Direct Caregiver Prices

  • Half 6 under reveals 2021 direct caregiver prices for 36 Franchisees who (i) used the monetary aggregation and benchmarking vendor, Qvinci, (ii) had accomplished and submitted to Homewatch CareGivers their monetary statements for 2021, and (iii) had been in enterprise for at the least 2 years as of December 31, 2021 (primarily based on their first reported month with Gross Income higher than $0). These 36 Franchisees operated a complete of 74 Territories throughout 2021.

Direct Caregiver Prices (January 2021 to December 2021)

  • Common Franchise Proportion:  56.8%
  • High 20%:  50.1%
  • Backside 20%:  65.5%
  • Median Franchise Proportion:  57.0%
  • “Direct Caregiver Prices” is outlined as caregiver wages (together with relevant extra time pay) and payroll taxes.
  • Complete direct caregiver prices for the 36 included Franchisees as a proportion of whole Gross Income for the included Franchisees.
  • Direct caregiver prices as a proportion of Gross Income for the highest 20% (7 Franchisees), ranked by the general direct caregiver prices as a proportion of Gross Income, with the upper ranked Franchisees having decrease direct caregiver prices.

Half 7 – Caregiver Metrics

  • Half 7 under represents caregiver metrics for 90 Franchisees working 176 territories that used Care+ apply administration software program.
  • “Out of Territory” Gross Income/caregiver metrics are included for every of the Franchisees’ weekly averages.
  • Excluded from the chart are 3 Franchisees (representing 3 Territories) who closed through the 2021 fiscal 12 months and 22 Franchisees (representing 27 Territories) who opened through the 2021 fiscal 12 months and had been in operation lower than one 12 months.

Franchisee Common Weekly Gross Income: $0-$10,000

  • Complete Variety of Franchisees in Group:  22
  • Common Variety of Caregivers on Shift Per Week:  31.6
  • Median Variety of Caregivers on Shift Per Week:  26.7
  • Variety of Franchisees Above Common:  5
  • Common Variety of Hours Per Caregiver Per Week:  12.2
  • Median Variety of Hours Per Caregiver Per Week:  12.4
  • Variety of Franchisees Above Common:  9
  • Complete Territories:  25

Franchisee Weekly Gross Income Common: $10,000-$20,000

  • Complete Variety of Franchisees in Group:  20
  • Common Variety of Caregivers on Shift Per Week:  40.9
  • Median Variety of Caregivers on Shift Per Week:  33.5
  • Variety of Franchisees Above Common:  5
  • Common Variety of Hours Per Caregiver Per Week:  15.7
  • Median Variety of Hours Per Caregiver Per Week:  14.6
  • Variety of Franchisees Above Common:  7
  • Complete Territories:  26

Franchisee Weekly Gross Income Common: $20,000-$40,000

  • Complete Variety of Franchisees in Group:  28
  • Common Variety of Caregivers on Shift Per Week:  60.7
  • Median Variety of Caregivers on Shift Per Week:  57.0
  • Variety of Franchisees Above Common:  12
  • Common Variety of Hours Per Caregiver Per Week:  20.6
  • Median Variety of Hours Per Caregiver Per Week:  18.6
  • Variety of Franchisees Above Common:  9
  • Complete Territories:  64

Franchisee Weekly Gross Income Common: $40,000-$60,000

  • Complete Variety of Franchisees in Group:  9
  • Common Variety of Caregivers on Shift Per Week:  66.0
  • Median Variety of Caregivers on Shift Per Week:  81.4
  • Variety of Franchisees Above Common:  4
  • Common Variety of Hours Per Caregiver Per Week:  28.3
  • Median Variety of Hours Per Caregiver Per Week:  19.1
  • Variety of Franchisees Above Common:  2
  • Complete Territories:  21

Franchisee Weekly Gross Income Common: $60,000+

  • Complete Variety of Franchisees in Group:  11
  • Common Variety of Caregivers on Shift Per Week:  139.4
  • Median Variety of Caregivers on Shift Per Week:  130.5
  • Variety of Franchisees Above Common:  3
  • Common Variety of Hours Per Caregiver Per Week:  29.9
  • Median Variety of Hours Per Caregiver Per Week:  25.6
  • Variety of Franchisees Above Common:  3
  • Complete Territories:  40

Half 8 – Income Combine

  • Half 8 under represents income combine derived from 90 Franchisees working 185 territories that reported Gross Income in 2021 at any time through the 2021 fiscal 12 months and had been working as of December 31, 2021 utilizing Care+.
  • Excluded from the chart are 3 Franchisees representing 3 territories that ceased operations in 2021 and a complete of 18 Territories that didn’t report Gross Income utilizing Care+ and don’t report Gross Income as a part of Homewatch CareGivers’ commonplace reporting procedures.
  • The chart doesn’t essentially exclude all of a Franchisee’s Territories in the event that they personal a number of Territories.

Income Kind

  • Personal Pay:  61%
  • Authorities:  39%
  • Complete non-public pay and authorities income for the 90 included Franchisees as a proportion of whole Gross Income for the included Franchisees.
  • Some shops have earned this quantity. Your particular person outcomes could differ. There isn’t a assurance that you simply’ll earn as a lot.

Part VI – Homewatch CareGivers Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️

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