CareDiem Home CareFranchise Cost, Revenue & Review 2026
Data from FDD filing
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). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $80K – $170K
- 14th pct Healthcare
- Avg gross sales
- N/A
- 48th pct Healthcare
- Royalty
- 5.0%
- 5th pct Healthcare
- Units
- 2
- 5th pct Healthcare
- SBA default
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $80K – $170K including a $40K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 57/100.
- No 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
- Legal entity
- CareDiem Franchising, LLC
- CEO title
- Managing Partner
- Grishma Patel
- 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
- Audited financials
- 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
CareDiem franchisees operate home care service businesses, coordinating caregiver placement and in-home elder care/companionship services to clients. Day-to-day operations involve client recruitment, caregiver hiring/training, scheduling, billing, and regulatory compliance (licensing, background checks, insurance). Franchisees manage local P&L while paying 5% royalties to corporate.
- CEO
- Grishma Patel
- Headquarters
- IL
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 15 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
- Better than avg vs category
- Liquid capital req'd
- $16K – $39K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Revenue · 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 |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Healthcare averages
How CareDiem Home Care Compares
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
- Transfers (3yr)
- 0
- 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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- 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 57 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | Zip codes |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 80,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Illinois |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 22 hrs
- On-the-job training
- 20 hrs
- Training location
- On-site and corporate
- Time to open
- 2 mo
- From signing to launch
- Site selection
- franchisor
- POS system
- QuickBooks Online and WellSky
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks Online and WellSky
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 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 B-grade franchise with a risk score of 57 out of 100, 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.