HomeSteady
Senior & Adult Services · Medical Home Care
- Active units
- 619
- Royalty
- 5.0%
Franchised, year-end 2024
of weekly Net Sales
About HomeSteady
HomeSteady operates in the home services industry, specializing in routine maintenance and handyman repairs through its membership-based model. The brand provides services such as painting, drywall repair, deck maintenance, and minor electrical or plumbing work. Its business model focuses on a recurring revenue stream where homeowners pay for monthly service hours and priority scheduling. Franchisees manage a team of skilled technicians who perform on-site repairs for residential customers within a protected territory.
Key terms
- Franchise fee
$54k
- Deposit Agreement market reservation
Pay 27,000 to reserve a market; applied to Initial Franchise Fee if you sign. If you do not purchase, 24,300 refunded within 90 days; full 27,000 refunded if not approved.
- Brand fund
2.0% of Net Sales
- Local advertising
0.0% of Net Sales
- Footprint
500 – 800 sq ft
- Veteran discount
20.0% off franchise fee — 20% off the Initial Franchise Fee (reduced to 43,200) for eligible honorably discharged U.S. veterans who do not currently own a Home Instead franchise
Brand Percentile Rankings
Growth
- Total locations619
Franchised units open at year-end
- New openings17
Gross new units opened during the calendar year
- 1-year unit growth rate0.5%
Net unit growth versus prior year
- 3-year unit CAGR0.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio4.3×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$180k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open1 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 557 of 584 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.