Established
1993
Franchise Units
220
Minimum Investment
$60,120
Franchise Fee
$57,000
Total Investment Range
$130,970
Home Based
Yes
Description
CarePatrol is a top-rated senior placement franchise that helps families find safe, appropriate care options for their loved ones—without the responsibility of hiring caregivers. Founded by one of the pioneers of the senior placement industry, CarePatrol offers a low-investment, low-overhead business model with high-profit potential in the booming senior care sector.
Franchisees assist families by referring them to vetted senior living options, including assisted living, independent living, memory care, and more. With an average placement fee of $4,750 and average gross annual sales of $412,487 per territory, CarePatrol presents a highly scalable opportunity for entrepreneurs looking to make a meaningful impact without managing staff or operations-intensive services.
Background
Founded in 1995 by a social worker after observing the personal trauma experienced by a family whose loved one had been placed in the wrong type of facility, CarePatrol became the pioneer organization of the now thriving senior placement industry.
Today, under the careful direction of that same founder, we're helping families make safe choices all over America and are developing our brand with a steady and calculated growth to ensure a superior platform for the support of our franchisees nationwide.
CarePatrol assists seniors and their families with the difficult task of identifying the most appropriate residential facility or in-home care service in their area.
Each of our offices are contracted with dozens of providers in their region and are paid handsomely every time a client is placed with one of them.
The service is completely free to clients as our franchisees are paid directly by the providers.
It's a business in which each party benefits and feels tremendous satisfaction every time the service is performed.
The senior placement business model has significant advantages over the homecare operations that have become so popular over the past decade.
In addition to a much lower initial investment, without the ongoing expense, headache, and liability of employing caretakers, the total overhead and ease of operation is almost incomparable.
Established: 1993
First Unit Franchised: 2009
Franchised Units: 220
FDD Pending Registration: Registered in all 50 states!
HOT MARKETS include:
- Las Vegas, NV
- New Orleans, LA
- Albuquerque/Santa Fe, NM
- Tulsa, OK
- Wichita, KS
- Daytona Beach, FL
- Deltona, FL
- St. Petersburg, FL
- Both Central and North Pinellas, FL
- Tampa, FL
- Homestead, FL
- Kendal Lakes, FL
- Miami Shores, FL
- Vancouver, BC, Canada
Support Training
Support & Assistance
Financial Assistance Provided: Internal Financing is eligible for up to 50% of the Standard Initial Franchise Fee paid over 60 months with 10% interest
Site Selection Assistance: Home-based
Lease Negotiation Assistance: N/A
Recruiting Assistance: Provide templates for job ads and online listings
Co-Operative Advertising: N/A
Training
Training begins once the Franchise Agreement is signed and can takes on average 12 weeks to complete.
The following training is what occurs prior to opening:
- Online - via elearning and virtual classes, as well as studying for and obtaining the Certified Senior Advisor credential
- Inperson training in Arizona twice
- In the new franchisees territory - infield training with the Regional Performance Coach
Inperson Training
In person training happens twice in Troy MI:
- 2-3 days the first time for Provider Development
- 2-3 days the second time for Operations Training
Field Training With The Regional Performance Coach
This is comprised of field training in the territory.
It ensures there is a sufficient amout of secured agreements with facilities and relationships built with marketing referral partners to open and hit the ground running!
Ideal Candidate
Day to Day operations includes marketing to senior communities and hospitals, doctor's offices, nursing homes, and other senior related industry members.
Performing a discovery meeting in person or via telephone with clients to assess their needs, likes and dislikes, and their financial situation in order that we match them to the correct facility, much like a realtor matches someone to homes - touring clients through assisted living communities like a realtor would bring a family tour houses with a family. Or, how you match your clients to a franchise concept.
IDEAL CANDIDATE:
- Sales and Marketing Professional
- Somebody that wants to be the face of the business in their community
- Great personality, loves people
- Somebody that wants to make a difference in people's lives - compassionate and empathetic
Financial Detail
Financial Requirements
Minimum Liquid Capital: $150,000 plus first year of personal living expenses
Total Investment: $60,120 - $130,970
Fees
Franchise Fee: $57,000 Standard OR $20,000 Reduced Initial Franchise Fee
Training Fee: $10,000 - covers intitial marketing materials, training and field visit trainings
Tech Fee: $595
Royalty
Standard Fee: 10% for first 24 months, then increases to 12% at 25th month
Reduced Fee: 15% (no change over time)
Operations
Average Number of Employees: 0-2
Passive Ownership: No
Home Based: Yes
B2B: Yes
Incentives
Veteran Discount: Yes, 20% off franchise fee (applies to standard and reduced initial franchise fee) with no affect on the consultant's commission payment
First Responder / Nurse Discount: 20% off franchise fee (applies to standard and reduced initial franchise fee) with no affect on the consultant's commission payment