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CarePatrol Franchise Systems LLC

2014 Franchise 500
#288
At a Glance

Products & Services: Assisted-living referral and placement

Number of Locations: 128

Total Investment: $59K - $73.6K

Founded: 1993

Began Franchising: 2009

About CarePatrol Franchise Systems LLC

CarePatrol franchisees help seniors and their families in selecting and transitioning into assisted-living and independent-living homes, nursing homes and Dementia and Alzhemer's memory care facilities. Each client's medical, social, geographical and financial needs are individually assessed in order to match them with the right facility. The company began franchising in 2009.

Franchise Units

Year U.S. Canadian International Company Owned
2014 127 0 0 1
2013 71 0 0 1
2012 29 0 0 4
2011 16 0 0 3
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $59,000 - $73,550
Franchise Fee: $44,500
Ongoing Royalty Fee: $500-$1K/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: Free marketing materials for first year
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $70,000
Operations
Franchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 2. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At franchisee's location: 4 days. Online training : 4 months.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #288 (2014),
Top New: #13 (2014),
Top Home-Based: #83 (2014),

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