SYNERGY HomeCare Franchise FDD, Profits & Costs (2025)
SYNERGY HomeCare, established in 2001 and headquartered in Gilbert, Arizona, is a recognized leader in the franchised home care industry.
The franchise specializes in providing a variety of non-medical caregiving services to clients of all ages, focusing significantly on senior care, but also offering specialized care for other groups with additional needs.
These services range from personal care and companion care to specialized services that address conditions like memory loss.
What sets SYNERGY HomeCare apart in the competitive home care market is its expansive reach and impressive growth rate.
With operations across 40 states, SYNERGY HomeCare has been acknowledged as one of the fastest-growing franchises, marking significant expansion in both the number and size of its franchises.
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Initial Investment
How much does it cost to start a SYNERGY HomeCare franchise? It costs on average between $73,000 – $150,000 to start a SYNERGY HomeCare franchised facility.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Franchise Fee | $50,000 |
| Real Estate/Rent | $1,000 – $6,000 |
| Utility Deposits | $0 – $400 |
| Leasehold Improvements | $0 – $2,000 |
| Furniture, Fixtures & Equipment | $600 – $4,000 |
| Software | $900 – $1,000 |
| Computers and Printer | $1,000 – $4,000 |
| Insurance (including Fidelity/Crime Coverage) | $4,000 – $7,000 |
| Signage | $600 – $2,000 |
| Office Equipment & Supplies | $900 – $4,000 |
| Training | $4,000 – $6,000 |
| Licenses & Permits | $0 – $6,000 |
| Legal & Accounting | $600 – $12,000 |
| Legal and Compliance Toolkit | $1,000 |
| Opening Inventory | $4,000 – $6,000 |
| Dues & Subscriptions | $0 – $1,000 |
| Additional Funds – 3 Months | $5,000 – $38,000 |
| Total | $73,000 – $150,000 |
Average Revenue (AUV)
How much revenue can you make with a SYNERGY HomeCare franchise? A SYNERGY HomeCare franchised business makes on average $662,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $754,000 yearly revenue for similar in-home care franchises. Below are 10 SYNERGY HomeCare competitors as a comparison:
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SYNERGY HomeCare Franchise Disclosure Document
Frequently Asked Questions
How many SYNERGY HomeCare locations are there?
As of the latest data, SYNERGY HomeCare operates around 237 locations across 40 states in the United States. This network includes a growing number of franchisees, particularly concentrated in states like Texas, Florida, and California, with each state having over 20 locations.
What is the total investment required to open a SYNERGY HomeCare franchise?
The total investment required to open a SYNERGY HomeCare franchise ranges from $73,000 to $150,000.
What are the ongoing fees for a SYNERGY HomeCare franchise?
SYNERGY HomeCare franchisees pay an ongoing royalty fee of 5% of gross revenues and a marketing fee of 2%. These fees support franchise-wide operational services and national marketing initiatives, ensuring brand consistency and visibility across locations.
What are the financial requirements to become a SYNERGY HomeCare franchisee?
To become a SYNERGY HomeCare franchisee, candidates must have a minimum net worth of $300,000 and liquid capital of at least $50,000.
These requirements ensure that franchisees have the necessary financial resources to cover initial investment costs, manage ongoing expenses, and support business growth in the early stages of operation.
How much can a SYNERGY HomeCare franchise owner expect to earn?
The average gross sales for a SYNERGY HomeCare franchise are approximately $0.66 million per location. Assuming a 15% operating profit margin, $0.66 million yearly revenue can result in $99,000 EBITDA annually.
Who owns SYNERGY HomeCare?
SYNERGY HomeCare is owned by NexPhase Capital, a private equity firm that acquired the franchise in April 2018. NexPhase, headquartered in New York City, focuses on investments in growth-oriented companies, particularly in healthcare and related sectors.
Disclaimer
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