1993
220
$57,000
$57,000
$130,970
Yes
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.
Established: 1993
First Unit Franchised: 2009
Franchised Units: 220
States Not Registered: NV
Financial Assistance Provided: Internal Financing is eligible for up to 50% of the Standard Initial Franchise Fee
Site Selection Assistance: N/A
Lease Negotiation Assistance: N/A
Recruiting Assistance: N/A
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
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:
Cash Investment: $57,000/ $20,000
Total Investment: $60,120 - $130,970
Minimum Liquid Capital: $100,000
Minimum Net Worth: $250,000
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: 10-6% Declining scale based on monthly gross revenue for Standard Initial Franchise Fee OR 12.5% for the Reduced Initial Franchise Fee
Average Number of Employees: 0-2
Passive Ownership: No
Home Based: Yes
B2B: Yes
Veteran Discount: Yes, 20% off franchise fee (applies to standard and reduced initial franchise fee)
First Responder / Nurse Discount: 20% off franchise fee (applies to standard and reduced initial franchise fee)
