How Much Does a CareDiem Home Care Franchise Cost?

Initial Franchise Fee

The initial franchise fee for CareDiem Home Care is $40K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.

Total Investment Range

Opening a CareDiem Home Care franchise requires a total investment of $80K – $170K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.

Working capital alone ranges from $16K to $39K.

Ongoing Costs

Beyond the initial investment, CareDiem Home Care franchisees pay ongoing fees. The royalty fee is 5.0% of gross sales (Gross Revenue). The advertising or brand fund contribution is 2.0% of gross sales. There is also a technology fee of $500.

Net Worth & Liquid Capital Requirements

CareDiem Home Care requires working capital of $16K – $39K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.