FranNet Verified Brand
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|Liquid Capital Required:||$50,000|
|Net Worth Required:||$250,000|
|Total Investment:||$71,540 - $88,490|
|Royalty Type:||Flat Fee: $600 year 1, $1,200 year 2, $1,800 year 3, $2,400 year 4, $3,000 year 5|
|Financing:||Via 3rd party|
|Incorporated Name:||CarePatrol Franchise Systems, LLC|
|Home Office:||Gilbert, Arizona|
At CarePatrol, we assist seniors and their families with the difficult task of identifying the most appropriate Assisted Living, Independent Living, Memory Care Community or Residential Care facility in their area. Each of our offices is contracted with dozens of providers in their region and is 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 thousands of providers in our network. It's a business in which everyone benefits and feels tremendous satisfaction every time the service is performed.
Values & History
Founded in 1993 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.
Market & Demand
Aging is a universal phenomenon, and if we're lucky, we all get to experience living to a ripe old age. The advancements in science and medicine are helping more people live longer than ever before, and as a result, millions of Americans are becoming senior citizens at a rate of 10,000 people a day. This trend is expected to continue to 2029, according to Pew Research and by 2060, the population of seniors is expected to rise to 100 million and this wave of seniors is creating an enormous demand for assisted-living facilities.
The challenge to find a facility that is ideally suited to care for a senior is usually one of the most challenging and emotional experiences for the immediate family, who often are not equipped with the knowledge necessary to make a good decision. This is where CarePatrol excels.
CarePatrol is one of the leading brands in the senior care industry, which is expected to rise to $300 billion annually by 2020. The reason we're one of the industry leaders is that our founding in 1993 created a lucrative and untapped market segment: the home placement industry. By specializing in this niche, we've grown to over 150 locations in more than 44 states, making us not only the largest home placement franchise in the nation but also the brand that Americans trust. More importantly, our franchisees have helped thousands of families and are rewarded both financially and personally, as the impact our franchisees have on their communities cannot be measured.
Purchasing a CarePatrol Franchise
There's an initial franchise fee of $49,500 and the total initial investment ranges from $72,220 to $89,145.
Our franchisees then help guide their clients through the daunting task of finding a quality and safe new home for their loved ones. Our proprietary software package helps determine exactly which care options will be the right fit for our clients. Even though we have the most advanced software and technology in the senior placement franchise industry, our biggest asset is our franchisee's devotion to their clients.
Ideal Candidate & Qualifications
We don't require any previous experience in the senior care or medical industries to franchise with us. What we require is:
- The desire to help others like they are your own family
- An outgoing personality capable of communicating effectively to others
- The desire to build relationships and network in your community
- The ability to speak in front of groups
- The need to own a business that makes a difference
- The desire to learn.
Training & Support
- Our training is unmatched in the franchise industry because we are committed to your success.
- You begin with 2 days of training in our corporate office in beautiful Gilbert, Arizona.
- After your initial 2 days of training, learning about us and how to contract with senior care providers, we will then go to your territory and introduce you to our already established national contracts with the largest providers in the nation.
- We will also be there to assist you in negotiating additional contracts with local and regional assisted living providers in your area. No other franchise offering has as many national corporate contracts as CarePatrol.