HOMEWELL CARE SERVICES

Item 7 lays out the financial entry: franchise fee of $49,500 and total initial investment ranging $54,401 to $233,912, making it one of the lower-barrier senior care plays—ideal for owner-operators starting lean from a commercial office. Ongoing fees hit 5% royalty plus 2% brand fund, plus minor extras like $100/month conference and $8-42/month email services. Item 19 shines brightest, disclosing average gross revenue of $2,756,538 across mature units, pointing to strong private-pay client demand in territories serving seniors over 65. With 29 SBA loans averaging $156,345 on record, financing access looks solid for expansion-minded buyers.

System health metrics paint a robust picture: locations surged 23% from 145 in 2023 to 178 in 2024 (now 179), with 29 projected new units signaling aggressive franchisor push since 2003. Only 5 terminations and 1 transfer suggest low churn, bolstering confidence versus peers. However, litigation notes flag a messy dispute with a former franchisee over contract breach and fraud claims under Texas law—worth scrutinizing in Item 3. High revenues offset modest costs, positioning HomeWell for investors chasing senior care's demographic tailwind, but verify territory saturation and staff hiring scalability before committing.