Initial Investment

What is the Initial Investment

The first cost you’ll encounter with your home care business is your initial franchise fee. Where the rest of your investment covers certain other expenses to help you get off the ground, the initial franchise fee is a one-time payment covering everything from intellectual property licenses to application costs and services. Essentially, this investment grants you the keys to our system. After your initial franchise fee is paid, the rest of your expenses may vary.

While the HomeWell franchise costs may seem like a large undertaking, understand that working with an established brand eliminates many of the hidden costs of getting a business off the ground, like advertising and marketing needs.

How Much Does a Franchise Cost?

Your franchise cost depends on the needs of your business. Some important needs, like certifications or office supplies, you may already have. Others, like furniture and insurance, are likely to be additional expenses for your business. Here are some things you should factor into your franchise start-up costs:

• Franchise fee
• Travel expenses
• Real estate
• Office furnishing
• Signage
• Computer hardware and software
• Office supplies
• Marketing materials and strategy
• Payroll expenses
• Caregiver recruitment, hiring and training
• Professional fees
• Pre-launch and opening costs
• Licenses
• Insurance

Furthermore, you should also have funding to cover at least three months of expenses. These additional funds give you time to find and train staff and get your business set up and running. As with any business, it will take time for you to start seeing returns on your investment in a HomeWell Care Services franchise. 
In total, your initial investment could range from $54,400-$234,900, including the initial fee. The estimated investment is broken down in the Franchise Disclosure Documents (FDD).