Franchise Deep Dive: CarePatrol's Franchise Costs, Fees, Profit and Data

The senior care franchise is one of the largest in the nation.

By Victoria CampisiStaff Writer

9:09AM • 06/06/23

LAST UPDATED: 2/2024

FRANCHISE WEBSITE: https://www.carepatrol.com/franchising.html

NUMBER OF LOCATIONS: 150

REPORTED COST TO GET IN: $51,120 to $110,970

AVERAGE ANNUAL GROSS SALES: varies

Established in 1993, CarePatrol is a senior-care placement franchise in the United States. Its primary objective is to assist seniors and their families in finding suitable assisted living or independent living homes.

Boasting over 150 franchises spread across the country, it ranks among the biggest senior placement organizations in the nation. It is owned by parent company Best Life Brands.

How Many CarePatrol Locations Are There?

Since its founding, CarePatrol has grown to over 150 locations across the United States. The brand still has significant demand and room for prime locations throughout the country and offers growth potential with available territories in choice locations.

What Is the CarePatrol Business Model?

CarePatrol franchise owners take a hands-on approach to assist their clients in making informed decisions about the placement of their loved ones. They accompany the families on tours of assisted living facilities, furnish families with comprehensive research and performance reviews of care options and offer comfort, support and expertise throughout the entire process.

CarePatrol franchise ownership requires nothing more than a desire to serve others and contribute to the community. The franchise's intensive training program equips owners with the necessary skills to expand their businesses over the long term and make a lasting impact on the communities they serve. In fact, the training program offered by CarePatrol is one of the most extensive in the industry. Through an 8-12 week program and two personal visits by a Regional Performance Coach, franchise owners become subject-matter experts on providing assistance during times of deep emotional upheaval and stress in their community.

When a client needs the services of CarePatrol, local franchisees will have:

In-depth knowledge of the assisted-living facilities in the local area
Insight into assisted-living facilities’ track records, level of care, performance reviews and more
Ability to help families make informed decisions about where they are placing their loved ones
Availability to tour assisted-living facilities with the families to ensure that the families gain confidence in the level of care their loved ones will receive
Availability to follow up with the families and the seniors in care to ensure that the facility is meeting their needs

How Much Can CarePatrol Franchise Owners Make?

CarePatrol says that financial success heavily depends on how closely franchisees follow their business model. The most recently available information shows that top-performing franchisees earned more than $703,000 in yearly revenue, while the 10 top-performing franchisees earned more than $428,000 in revenue.

How Much Does It Cost to Open a CarePatrol?

The total initial investment to open a new CarePatrol franchise ranges from $51,120 to $110,970. Here is a breakdown of the costs:

Initial Franchise Fee: $20,000–$57,000
Onboarding Fee: $7,500
Travel Expense for Training: $2,500–$5,000
Office Equipment: $1,100–$2,100
Computer Systems: $2,500–$3,500
Signs: $0–$500
Certified Senior Advisor Certification: $1,495–$1,795
Professional Fee & Business Licenses: $1,500–$2,500
Vehicle (deposit & 3 lease payments): $0–$5,000
Insurance (3-6 months): $625–$1,750
Additional funds (3-months): $5,500–$10,000
TOTAL: $51,120–$110,970

What Is the Franchise Fee for CarePatrol?

The franchise fee for CarePatrol ranges from $20,000–$57,000.

Who is the Leadership of CarePatrol?

What Helpful Articles Can I Read to Learn More About CarePatrol?

Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our Power Rankings to read more on brands making moves.

Check out these three 1851 brands:

Senior Care Authority

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Seniors Helping Seniors

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Griswold

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Investment Range: $95,850 - $174,100

Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.

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