CareDiem Home Care Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
CareDiem Home Care is a senior care franchise providing non-medical in-home care and companionship. Franchisees run local agencies, recruiting caregivers and managing scheduling, client care, and billing.
FranchiseVerdict summary · 2026
A CareDiem Home Care franchise requires a total initial investment of $80K – $170K, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $80K – $170K
- 26th pct Senior Care
- Avg gross sales
- N/A
- 2 outlets
- Royalty
- 5.0%
- 3rd pct Senior Care
- Units
- 2
- 3rd pct Senior Care
- SBA charge-off
- N/A
Quick verdict · Senior Care · color = vs category peers
Green = favorable by >10% vs Senior Care avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $80K – $170K including a $40K franchise fee, 5.0% ongoing royalty.
- RETURNSOperating revenue was $0 for the year ended December 31, 2024; CareDiem Franchising, LLC was a startup franchisor (inception January 2, 2024) with no operating revenue and a net loss of $177,179.
- RISKVerdict D (Below average), verdict score 29/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- CareDiem Franchising, LLC
- CEO title
- Managing Partner
- Grishma Patel / Danielle Rajoo
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- IL
- HQ
- 1540 E. Dundee Road, Suite 110, Palatine, IL 60074
- Auditor
- Kezos & Dunlavy
- Unaudited
- Franchisor revenue
- $0
- Most recent fiscal year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
- CEO
- Grishma Patel / Danielle Rajoo
- Headquarters
- IL
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 52% below the typical senior care franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Initial Training Feenot refundable | $5K | $5K | |
| Training Expenses | $0 | $3K | |
| Real Property, whether purchased or leased | $0 | $750 | |
| Office Equipment and Supplies | $500 | $2K | |
| Initial supplies (not office-related) | $500 | $1K | |
| Security Deposits, utility deposits, business licenses and pre-paid expenses | $2K | $9K | |
| Software and Hardware | $4K | $6K | |
| Vehicle and vehicle signage | $0 | $40K | |
| Signage | $0 | $3K | |
| Pre-opening and grand opening advertising and marketing | $5K | $8K | |
| Care Giver Recruitment | $2K | $3K | |
| Insurance | $2K | $5K | |
| Other Professional Fees | $4K | $6K | |
| Additional Funds - 3 months after Licensure Date | $16K | $39K | |
| Total initial investment | $80K | $170K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $80K – $170K
- Top 40% of category vs category
- Liquid capital req'd
- $16K – $39K
- Top 40% of category vs category
- Franchise fee
- $40K – $40K
- Top 40% of category vs category
- Royalty
- 5.0%
- formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $500 |
| Training fee | $5K |
| Transfer fee | $2K |
| Renewal fee | $5K |
| Inventory (initial) | $500 – $1K |
| Total fee load | 7.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
CareDiem Home Care did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one CareDiem Home Care unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
89%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Operating revenue was $0 for the year ended December 31, 2024; CareDiem Franchising, LLC was a startup franchisor (inception January 2, 2024) with no operating revenue and a net loss of $177,179.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% (near the Senior Care average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Senior Care averages
How CareDiem Home Care Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 50%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 2
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Extremely high-risk micro-franchise showing corporate going concern issues, zero financial transparency, and insufficient operational track record to validate franchisee profitability.
Litigation (Item 3)
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
No audited financials on file
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 29 / 100 verdict
- 01HIGHGoing Concern status is FALSE — indicates serious financial/operational distress at corporate level
- 02MINOROnly 2 units in system — extremely small franchise with minimal scale, support infrastructure, or proof of concept
- 03MINORNo financial disclosures (Item 19) — cannot verify average unit economics, profitability, or ROI claims
- 04MINORHigh initial investment ($80K-$170K) relative to system size creates disproportionate risk with unproven unit economics
- 05MINORUnknown unit growth trajectory — no evidence of system expansion or franchisee success
- 06MINORHome care is labor-intensive, high-compliance industry — corporate support critical but undemonstrated with only 2 units
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 80,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Arbitration location | Palatine/Cook County, Illinois (mediation first, then litigation in Illinois courts) |
| Jury trial waiver | Yes |
| Governing law | IL |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 22 hrs
- On-the-job training
- 20 hrs
- Training location
- Palatine, Illinois, or virtually
- Ongoing training
- Required
- Time to open
- 2 mo
- From signing to launch
- Site selection
- Franchisor approves location; franchisee selects
- Franchisor financing
- Not offered
- Item 10
- POS system
- WellSky / QuickBooks Online
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: WellSky / QuickBooks Online
Item 20 · call current owners
Franchisee Contacts
2 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
CareDiem Home Care · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a CareDiem Home Care franchise?
The total investment to open a CareDiem Home Care franchise ranges from $80K – $170K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do CareDiem Home Care franchise owners earn?
CareDiem Home Care does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the CareDiem Home Care FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the CareDiem Home Care FDD and qualifies whose outlets they describe.
What is CareDiem Home Care's franchise failure rate?
SBA 7(a) loan charge-off data is not available for CareDiem Home Care (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many CareDiem Home Care franchise locations are there?
As of their most recent FDD filing, CareDiem Home Care has 2 total units in the United States, including 1 franchised units and 1 company-owned units. 1 new units were opened in the latest reporting year.
Is CareDiem Home Care a good franchise to buy?
FranchiseVerdict rates CareDiem Home Care as a D-grade franchise with a verdict score of 29 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.