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HomeWell Franchising Inc. Reports Record-Setting 2021 Results

By: HomeWell Care Services |  0 Shares     262 Reads

March 10, 2022 // Franchising.com // BURKBURNETT, Texas - HomeWell Franchising Inc, the franchisor of non-medical in-home care provider HomeWell Care Services, today released its 2021 franchise development and financial results. HomeWell’s record-setting results, which include year-on-year revenue growth of more than 40 percent in several key areas, position the company for expansion and national brand recognition in 2022.

2021 Franchise Development Highlights

• 17 executed contracts: 15 new owners and 2 expansions
• 12 new open locations
• 26 territories awarded

2021 Annual Growth Financial Results

• Corporate revenue growth increased 40%
• System revenue growth increased 41%
• Royalty revenue growth increased 48%

“We truly are a company of success stories,” says Crystal Franz, CEO. “From the success of our franchisees in meeting their personal and professional goals to the success stories of our caregivers in their career paths and the success stories of the clients that we serve, HomeWell is leading our industry and changing lives for the better.”

“As we build our momentum towards becoming a national brand, there are no signs of slowing down. Our agencies are navigating industry-level challenges like caregiver recruitment with creative, collaborative approaches to hiring and retention. Our corporate team is scaling to give new and existing franchisees the best-in-class resources, training, and support that they deserve. We’re earning prestigious national awards and endorsements based on the feedback of clients who appreciate HomeWell’s trusted care and true compassion.”

With a focus on strategic expansion across the U.S. through franchise-owned development, HomeWell joined the Inc. 5000 list of fastest-growing private companies in the United States in 2021. The company is known for its innovative, proactive care programs that promote healthier and happier living wherever clients call home. Thanks to strategic investments in its system development and growth, HomeWell’s agencies are thriving and increasing nationwide; the company expects to have over 100 HomeWell Care Services franchises by the end of 2023.

Strategic responses to increasing demand

“The last two years have illuminated the value of providing and receiving care at home, leading to a rapid increase in demand,” says Casey McCleskey, CFO. “Our agencies and their exceptional teams have proven their worth to clients, families, and referral sources across the continuum of care. Potential agency owners are paying attention and recognizing the opportunity to build sustainable businesses that make a positive impact, fueling our system’s record growth.

“We have responded by investing significantly in our infrastructure, scaling for a bright future with new support staff and initiatives to support additional owners and system growth. We’re strengthening our training and business coaching teams. We’re focusing more than ever on franchisee engagement to help our owners grow and succeed. The net effect is a momentum that positions HomeWell to go from strength to strength.”

SOURCE HomeWell Care Services®

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