FranchiseVerdict
CareDiem Home Care logo
FV-00465·CAUTIONExcellent81

CareDiem Home Care

Health & Wellness - OtherFranchising since 2024Website
Investment
$80K – $170K
17th pct Other
Avg revenue
63rd pct Other
Royalty
5.0%
6th pct Other
Units
2
6th pct Other
SBA default

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.
  • Rated CAUTION with a risk score of 75/100.
  • 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
Incorporated in
Illinois
HQ
1540 E. Dundee Road, Suite 110, Palatine, IL 60074
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$0
Most recent fiscal year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one CareDiem Home Care unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $80K–$170K
Working capital
$
FDD reports $16K–$39K

Unlevered ROIC · per unit

113%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$173K
EBITDA margin
23.0%
Total invested
$152K
Payback
11 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

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
Founded
2024
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$80K – $170K
All-in to open one unit
Liquid capital
$16K – $39K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
2
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
50%
vs corporate-owned
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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)

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

75
Risk · 0-100
CAUTION75 / 100

Extremely high-risk micro-franchise showing corporate going concern issues, zero financial transparency, and insufficient operational track record to validate franchisee profitability.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates serious financial/operational distress at corporate level
  2. 02MINOROnly 2 units in system — extremely small franchise with minimal scale, support infrastructure, or proof of concept
  3. 03MINORNo financial disclosures (Item 19) — cannot verify average unit economics, profitability, or ROI claims
  4. 04MINORHigh initial investment ($80K-$170K) relative to system size creates disproportionate risk with unproven unit economics
  5. 05MINORUnknown unit growth trajectory — no evidence of system expansion or franchisee success
  6. 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

Territory
Zip codes
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Illinois

Item 11

Training & Operations

Classroom training
22 hrs
On-the-job training
20 hrs
POS system
QuickBooks Online and WellSky
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

2 numbers

Locked
(317) 232-••••
IN
(804) 371-••••
VA

One-time purchase · CSV download · Validation questions included

FDD download

CareDiem Home Care · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above