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Initial Investment

Investment Information

Having the necessary capital is imperative for any business start-up. When you’re considering starting a franchise with HomeWell, your first step should be evaluating your current finances and understanding how this investment will change them. This might require meeting with your accountant or another financial professional to ensure you’re in the best place for starting a business.

Every aspect of your payment accounts for a crucial part of the home care franchise cost. To keep this initial expense transparent and give you confidence in the process, we’ve broken down the expenditures of starting a HomeWell Care Services franchise below so you know what to expect.

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What Is the Initial Investment?

The first cost you’ll encounter 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. After your initial franchise fee is paid, the rest of your expenses vary.

For a single, standard HomeWell territory, this starting fee is $49,500. The initial fee covers your license to utilize HomeWell’s intellectual property, our training and onboarding platforms, access to your Franchise Business Coach and much more. This is a one-time, upfront fee that is typically due when you sign your franchise agreement. Essentially, this investment grants you the keys to our system.

Everything we get from your franchise fee goes toward opening and starting up your franchise. 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.

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How Much Does a Franchise Cost?

The rest of your initial HomeWell franchise cost depends on your launch needs. Some things, like certifications or office supplies, you may already have. Others, like furniture and insurance, are likely to be additional expenses for any franchisee. Here are some things you should factor into your 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
  • Three months of additional funding

Furthermore, you should also have funding to cover at least three months of expenses. This stipend gives 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. You should plan to be able to fund your business for a couple of months on your own.

In total, your initial investment could range from $96,900-$225,800, including the starting fee. Because we’re dedicated to complete transparency, we’ve broken down each estimated expense listed above and their expected highest and lowest costs in your Franchise Disclosure Document (FDD). Take the time to read over this document carefully, and even if you hope to keep costs at their minimum, you should have plans in place to cover their maximum determinations. 

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    This is not an advertisement or offer to sell a franchise or a solicitation of an offer to buy a franchise and is for information purposes only. HomeWell Franchising Inc. offers franchises solely by means of our Franchise Disclosure Document. Certain states and foreign countries have laws governing the offer and sale of franchises, including the states of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states or foreign countries, we will not offer you a franchise unless and until we have complied with all applicable legal requirements in your jurisdiction.

    How Do I Finance My Investment?

    Every franchise owner has unique investment possibilities. Depending on your current funding, resources and business experience, you may be wondering how to finance the total franchise cost. Many people can qualify for loans, lines of credit or additional funding to reduce their personal financial burden. Common options for business owners to finance their franchise investments include:

    • Small Business Administration (SBA) business loans
    • 401(k) Rollovers for Business Startups (ROBS)
    • Home Equity Line of Credit (HELOC)
    • Unsecured loans

    When you invest in a HomeWell franchise, you have our full support throughout the entire process. If you ever have additional questions or concerns about the cost of a home care franchise, you can discuss the specifics with our franchise development representatives.

    Why Choose a HomeWell Care Services Franchise?

    As we mentioned, running any business can be a pricey endeavor. Aside from setting up your physical location, your initial investment will unlock access to industry-leading information that every franchisee should understand to provide the most informed care.

    HomeWell leads the pack in senior care services because we promise our franchise owners access to these resources when they invest:

    • Sales onboarding classes: Gain basic sales guidance and learn new ways to cater your marketing efforts to the unique needs of your community.
    • A learning management system (LMS): This online learning platform includes hundreds of learning modules so that you and your team can constantly improve your offerings.
    • Franchise service teams: This team will stay by your side from your first training module to as long as you’re in business.
    • Opening teams: As you get your business off the ground, one of our opening teams will help you through those unique first-day challenges until you’re ready to do it on your own.
    • Health education initiatives: We’ll help you create regular community outreach opportunities to show the people and businesses around you that you’re committed to improving the area through accessible services.
    • An online management platform: Manage clients, care and daily operations with one easy-to-use platform that gives you all the information you need in one place.

    Testimonials

    Josh Frommer

    HomeWell continuously adds value to my business. They provide professional brochures and training programs, help their owns stay abreast of current trends, know how to incorporate technology into processes, provide good recommendations for partnering with other industry vendors, hold an annual Conference with key brand and industry information, and facilitates access to other franchisees for knowledge sharing.

    Josh Frommer HomeWell Care Services in Anchorage, Alaska

    Tracie Dominguez

    I have never owned a business and know my weaknesses. I wanted the support of a proven business formula. Why reinvent the wheel when it’s been done?

    Tracie Dominguez HomeWell Franchisee in Colorado Springs, Colorado

    Frank Davis

    We recognized the value of a system that is already working and where processes are already developed.  We can leverage the expertise of the franchisor in areas to complement our strengths.  We also see a lot of value in the network of fellow franchisees for sharing of best practices.

    Frank Davis HomeWell Franchisee in Overland, Kansas

    Kevin Walters

    HomeWell, simply put, seems to do it the right way. From the focus of assessments, to the tools in place, the leadership in the Corporate Office and the existing franchise owners — this is an organization set up for success. I want to help build on that success!

    Kevin Walters HomeWell Franchisee in Gateway, Florida

    Josh Frommer

    The HomeWell franchise community is a great group of people that have open discussion, work to help one another, and maintain a healthy amount of friendly competition. I am glad to be a part of this group.

    Josh Frommer HomeWell Franchisee in Anchorage, Alaska

    Elysa Coleman

    The biggest factor for us in choosing to do a franchise instead of launching a business on our own was really the wealth of knowledge HomeWell provides. We could have gone the route of figuring everything out on our own, but we decided that the training, support, and knowledge the HomeWell team provides was worth the investment.

    Elysa Coleman HomeWell Franchisee in Cypress, Texas

    Mark Fratto

    I was reluctant to join a franchise, but what drew me to HomeWell was their family feel; it wasn’t a corporate feel. HomeWell provides us with direction and gives us what we need but also gives us the freedom to do what we feel is best for our franchises.

    Mark Fratto HomeWell Franchisee in Beverly Farms, Massachusetts

    The environment feels nothing like corporate America. It truly feels like a team, as we all rely on each other—the owners, the corporate office—everyone.

    Susie Lerma HomeWell Franchisee in Crossville, Tennessee

    Vaishali Nileshwar

    I chose HomeWell because I wanted to grow alongside a “growing company”. The HomeWell team is easy to work with and is so invested in my success. The enthusiasm is infectious! After talking to several other companies, I also believe the processes in place.

    Vaishali Nileshwar HomeWell Care Services in Stafford, Texas

    David Schloss

    HomeWell was the best fit between improving lives and building a business. The HomeWell Corporate Team was a big reason I chose HomeWell.

    David Schloss HomeWell Franchisee in South Palm Beach, Florida

    Ronnie Taylor

    The thing that stood out to me the most when deciding to join HomeWell was the transparency of the HomeWell corporate team.

    Ronnie Taylor HomeWell Care Services in Cedar Park, Texas

    Lou Romane

    I have a lot of trust in the ownership. They listen to my needs and support me whenever I need.

    Lou Romano HomeWell Care Services in Hackensack, New Jersey

    Tim Spaulding

    The leadership of HomeWell – they’re there for you – 24 hours a day. You can call them, and they’ll get back with you. You’re not alone.

    Tim Spaulding HomeWell Care Services in Clackamas, Oregon

    Invest in HomeWell Care Services With Confidence

    Owning a HomeWell franchise is an opportunity to reach your professional goals alongside a proven business model. Due to the industry’s recent growth, an investment in home care franchising may be an attractive option for business owners. Your commitment to our brand can open new doors for your personal and professional life. Enjoy the perks of business ownership when you join the HomeWell family!

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