Do You Have Questions?
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What experience do I need to open a home care franchise with CareDiem Home Care?
We are looking for financially qualified individuals who excel in business management or finance, and who genuinely care about helping others. Experience in the healthcare industry is ideal, but not required. If you believe in our mission and can see yourself fulfilling a compassionate role within your community, we are excited to talk with you. If you have solid business management and relationship-building skills and can see yourself following our system to grow a business of your own, the CareDiem Home Care franchise opportunity may be for you.
What training and support is provided as part of the CareDiem Home Care franchise program?
If you feel called to provide the CareDiem Home Care standard of C.A.R.E., we are happy to explore the process with you. Prior to attending initial training, you will complete online training to introduce you to our brand and the industry, including guidance on securing the proper licensing to operate your local business. Then, we will welcome you and two others to our flagship location for up to ten days of initial training, both in the classroom and on the job. We’ll get to know each other while you learn about how to operate your new business within your community. After training, we will always be available via phone and email when you need us, and you will have exclusive access to our confidential operations manual, from the moment you are selected to own a home care franchise with CareDiem Home Care.
How much will the franchise cost me?
The estimated initial investment necessary to begin operations ranges from $80,000 to 168,800. This includes a $42,000 initial franchise fee for a single territory agreement. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages. See Items 5, 6, and 7 of FDD for more detailed information about your initial investments and the costs and expenses to operate the franchise.
Is financing available?
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
Are There Ongoing Royalties to Pay
In year one, we collect a 5% royalty fee based on revenues once licensure is obtained. In year two, with licensure, we collect the greater of 5% of revenues or $2,000 per month. In year three, we collect the greater of 5% of revenues or $3,000 per month. Fees such as this allow us to fund our ongoing support services like the continued development of training, procedures, marketing tools, training programs, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Are there any advertising fees?
Franchisees must spend between $3,000 and $8,000 on client-focused marketing activities during the months between starting operations and receiving licensure. They are also expected to spend $1,500 to $2,000 on caregiver recruitment marketing and related activities during the same time period. Franchise owners will also contribute 1% or actual revenues to local marketing efforts on an ongoing basis. This amount can increase up to 3% of actual revenues. There is a fee of up to $2,000 for digital and grand opening marketing assistance.
But don’t worry, we’ll be there to guide you as you implement your local marketing efforts!
Once licensure is obtained, franchise owners will contribute the greater of $500 per month or 1% of actual revenue into the brand marketing fund in year one. In year two, franchise owners will contribute the greater of $400 per month, or 1% of actual revenue into the brand marketing fund. These collected funds will be used to develop marketing strategies to promote the CareDiem Home Care brand and cover the creative costs to develop brand marketing materials and campaigns.
What is the term of the agreement?
The initial term of your agreement is five years, with three subsequent successor agreement options of five years each.
How do I get started?
If you’re interested in learning more about how to own a home care franchise with our brand, contact us at 800-301-6354 or email sales@carediemfranchising.com. Let’s discuss setting up a meeting, speaking with our management team, and receiving our FDD, so you will have all the important details you’ll need to make an informed decision.