SYNERGY HomeCare
Everything below is SYNERGY HomeCare's own required public disclosure, presented neutrally. Chips link to the exact page of the source document.
From the audited financial statements attached to the FDD — the corporate entity, not its franchisees.
Whose numbers these are: Figures are SYNERGY HomeCare Franchising, LLC.
Audited by BDO USA, P.C. · unmodified opinion · fiscal year ends December 31 · pass through for tax FDD p. 181 ↗
| Line | FY2024 | FY2025 |
|---|---|---|
| Total revenue | $26.23M | $30.01M |
| Royalties collected | $15.93M | $18.2M |
| Operating income | $2.01M | $2.79M |
| Net income | $-1.1M | $2.36M |
| Equity | $12.69M | $20.67M |
- FN-STATEMENT-SET Figures come from one audited statement package (entity, report, fiscal year-end); a later package supersedes the comparative years of an earlier one, and packages for other entities are never blended.
- Chief Operating Officer · SYNERGY HomeCare Franchising, LLC · January 2025 – present
- Chief Partnership Officer · SYNERGY HomeCare Franchising, LLC · January 2019 – January 2025
- General Counsel · SYNERGY HomeCare Franchising, LLC · December 2014 – present
- Chief Growth Officer · SYNERGY HomeCare Franchising, LLC · January 2022 – present
- Vice President of Franchise Development · SYNERGY HomeCare Franchising, LLC · November 2019 – December 2021
- Chief Executive Officer · SYNERGY HomeCare Franchising, LLC · April 2020 – present
- Chief Financial Officer & Chief Administrative Officer · SYNERGY HomeCare Franchising, LLC · January 2024 – present
- CFO · SYNERGY HomeCare Franchising, LLC · October 2019 – January 2024
- Chief Marketing Officer · SYNERGY HomeCare Franchising, LLC · December 2021 – present
- Principal · Tastemakers, Atlanta, Georgia · May 2021 – November 2021
- Vice President of Brand Strategy & Activation · Church's Chicken, Atlanta, Georgia · January 2017 – April 2021
“Pending Actions: None. Other than these actions, no litigation is required to be disclosed in this disclosure document.”
- initial franchise fee: $55,000 for one Protected Territory which will include approximately 20,000 persons who are age 65 or overIf the Protected Territory has less than 20,000 persons who are aged 65 or older (a "mini" territory), then the Franchise Fee shall be reduced by $2.75 per person, but not below a minimum territory size of 10,000 persons…
- royalty: 5% of Gross Sales
- brand fund: 2% of Gross Sales
- technology fee: Systems Fee currently $100.00 per week (paid weekly beginning four months after the Effective Date of the Franchise Agreement); Satellite Systems Fee currently $13.00 per week
- local marketing requirement: The greater of $300 or at least 2% of Gross Sales per month
You must operate the Franchised Business only from the Approved Location, which must be within your Protected Territory. Each Protected Territory will include contiguous zip codes or other physical, political or natural boundaries. The number of persons in your Protected Territory will be determined by a recognized third-party provider selected by us based on using the most currently available information from the U.S. Census Bureau. The Protected Territory is exclusive but subject to the National Partnerships Program and Minimum Monthly Average Sales Quota requirements; franchisor may reduce/eliminate territory if quotas are not met.
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