How much does a Homewatch CareGivers franchise cost?
Opening a Homewatch CareGivers franchise takes a total initial investment of $121,640 to $177,830, according to the brand's 2025 Franchise Disclosure Document. The FDD's Item 19 reports median gross revenue of franchisees in group of $1,144,985 across 105 outlets.
Homewatch CareGivers franchises businesses operating under the HOMEWATCH CAREGIVERS Marks and System. Category: Senior Care.
Item 7
What it costs to open a Homewatch CareGivers franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $121,640 to $177,830. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Additional Funds - (3 months) ($50,000 to $75,000), Insurance ($8,000 to $18,000), and Lease and Security Deposits ($3,000 to $8,000). Together they make up about 57% of the high-end estimate.
The initial franchise fee is $50,000, about 41% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Franchise Fee2025 FDD, Item 7, p. 26 | $50,000 | $50,000 | 2025 FDD, Item 7, p. 26 |
| Compliance Toolkit Fees2025 FDD, Item 7, p. 26 | $2,500 | $2,500 | 2025 FDD, Item 7, p. 26 |
| Homewatch CareGivers Care+ Initial Software Fees2025 FDD, Item 7, p. 26 | $1,830 | $1,830 | 2025 FDD, Item 7, p. 26 |
| Telephone System2025 FDD, Item 7, p. 26 | $250 | $500 | 2025 FDD, Item 7, p. 26 |
| Travel and Living Expenses While Training2025 FDD, Item 7, p. 26 | $2,500 | $5,500 | 2025 FDD, Item 7, p. 26 |
| Office Equipment and Computer Hardware and Off-the-Shelf Software2025 FDD, Item 7, p. 26 | $1,060 | $4,500 | 2025 FDD, Item 7, p. 26 |
| Lease and Security Deposits2025 FDD, Item 7, p. 26 | $3,000 | $8,000 | 2025 FDD, Item 7, p. 26 |
| Office Furniture2025 FDD, Item 7, p. 26 | $2,000 | $4,000 | 2025 FDD, Item 7, p. 26 |
| Insurance2025 FDD, Item 7, p. 26 | $8,000 | $18,000 | 2025 FDD, Item 7, p. 26 |
| Licenses, Permits, and Professional Fees2025 FDD, Item 7, p. 26 | $500 | $8,000 | 2025 FDD, Item 7, p. 26 |
| Additional Funds - (3 months)2025 FDD, Item 7, p. 26 | $50,000 | $75,000 | 2025 FDD, Item 7, p. 26 |
| Total estimated initial investment2025 FDD, Item 7, p. 26 | $121,640 | $177,830 | 2025 FDD, Item 7, p. 26 |
Source Homewatch CareGivers, 2025 FDD, Item 7, p. 26, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What Homewatch CareGivers franchisees actually report earning
Median Gross Revenue of Franchisees in Group
$1,144,985
Homewatch CareGivers' 2025 FDD, Item 19, for the For the Fiscal Year Ended December 31, 2024. Basis: HOMEWATCH CAREGIVERS Franchised Businesses located in the United States.
Sample size: 105 outlets. The FDD also reports average gross revenue per franchisee in group of $2,552,023. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- Table 1 and Table 2 exclude 6 franchisees (representing 14 Territories) that closed during the 2024 fiscal year, 20 franchisees (representing 23 Territories) that opened during the 2024 fiscal year, and 1 franchisee (representing 2 Territories) that did not report a full 12 months of Gross Revenue.
- One franchisee closed 1 of its multiple Territories during the 2024 fiscal year and 3 franchisees added 3 Territories to their existing operations during the 2024 fiscal year; these Territories are excluded from the Tables.
This is a disclosure of what some existing outlets reported, not a projection of what a new Homewatch CareGivers outlet would earn. Your results will differ.
Source Homewatch CareGivers, 2025 FDD, Item 19, p. 70, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many Homewatch CareGivers outlets there are, and how many closed
Homewatch CareGivers ended 2024 with 224 franchised outlets and no company-owned outlets. In that year 26 franchised outlets opened and 15 left the system.
Three years at a glance
From 2022 through 2024, Homewatch CareGivers opened 62 franchised outlets and 50 outlets left the system. That is a net gain of 12, from 212 to 224 franchised outlets. Of the outlets that left, 29 were terminated, 4 were not renewed, and 17 closed for other reasons.
On average, about 7.7% of franchised outlets left the system each year, roughly 1 in 13.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 213 | 26 | 11 | 2 | 0 | 2 | 224 | 2025 FDD, Item 20, p. 79 |
| 2023 | 222 | 16 | 10 | 2 | 0 | 13 | 213 | 2025 FDD, Item 20, p. 79 |
| 2022 | 212 | 20 | 8 | 0 | 0 | 2 | 222 | 2025 FDD, Item 20, p. 79 |
Source Homewatch CareGivers, 2025 FDD, Item 20, p. 79, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How Homewatch CareGivers compares with other Senior Care franchises
Measured against the 24 Senior Care franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Homewatch CareGivers' estimated range is $149,735. It costs more to open than 61% of Senior Care franchises here.
- Outlets leaving each year. 7.7% for Homewatch CareGivers. That is higher than 88% of the 17 Senior Care franchises with at least 10 outlets.
- Three-year growth. Homewatch CareGivers' franchised system grew 5.7%. The typical Senior Care franchise here grew 22%.
- Earnings disclosure. 20 of the 24 Senior Care franchises here publish earnings figures in Item 19. Homewatch CareGivers is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Senior Care franchise side by side.
Alert me when Homewatch CareGivers files a new FDD
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