CarePatrol Ranked A Top Franchise in Entrepreneur's Highly Competitive 42nd Annual Franchise 500
Phoenix, AZ (February 1, 2021) – CarePatrol, the nation’s largest senior placement organization, announces their first ever ranking in Entrepreneur magazine’s Franchise 500. CarePatrol is ranked 498 on the list.
The Franchise 500 has become a competitive measure for franchisors as well as a primary research tool for potential franchisees. CarePatrol’s position on the ranking is a testament to its strength as a franchise opportunity.
“We are incredibly honored to have CarePatrol recognized within such a respected list,” said J.J. Sorrenti, CEO of Best Life Brands, parent company to CarePatrol. “Given all the obstacles our entire franchise system had to overcome due to the pandemic, this ranking is a testament to the strength of our business model, and the resiliency of our franchisees. This sets us up for continued growth to help even more families find the right care solutions for their loved ones.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. CarePatrol’s position on the ranking is a testament to its strength as a franchise opportunity.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
To view CarePatrol in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur.
To learn more about CarePatrol, visit www.CarePatrol.com/franchising.
CarePatrol is the nation’s largest senior placement franchise. Through more than 150 offices in 35 states, local senior advisors help families find quality, top-rated assisted living, independent living, memory care, nursing homes and in-home care free of charge. Founded in 1993, CarePatrol began franchising in 2009 and is now part of the Best Life Brands family, with private equity backing by The Riverside Company. CarePatrol is proud to have earned the Franchisee Satisfaction Award from Franchise Business Review for 10 years in a row, and has earned new placement on the Entrepreneur Franchise 500 list. For more information, visit www.CarePatrol.com/franchising.