Five Questions to Ask Before Joining a Senior Living Franchise
Every professional has, at some point, dreamt of leaving the corporate life behind, becoming their own boss, and working towards personal and professional fulfillment. Joining a franchise can help you do all this while benefiting from an extensive training program, a proven business model, and a network of experts ready to help you.
At CarePatrol, we have spent over 25 years creating the best senior care advisory company franchise—we take pride in helping professionals rediscover their purpose and securing the best life for seniors across the nation. Learn about the questions to ask before joining a senior living franchise and how CarePatrol ticks all these boxes!
What is the Culture and Mission?
Joining a franchise involves becoming the ambassador of a brand, taking part in workplace activities, and interacting with a network of franchisees. When choosing the franchise that will help you redesign your future, it is important to better understand their workplace culture and mission.
Of course, hitting targets and increasing revenue are important goals for both franchisors and franchisees. However, for a fulfilling career move, it is also important to look far beyond the numbers.
At CarePatrol, we are looking for franchisees who are committed to taking care of others as if they were their own family members. As the population continues to age, there is an increased need for senior living advisors who can help families and seniors live this important stage of life with happiness and dignity.
What Should I Expect From the Onboarding Process and Training?
Whether you have experience with running a business or not, running a senior living franchise is another matter. And, since your livelihood will depend entirely on yourself, it is essential to ask what training and support will be provided to you during the process.
Here at CarePatrol, we have been developing our 16-week franchisee training program since our founding year, 1993. Today, we have one of the most extensive and comprehensive training programs in the industry, and we provide every franchisee with ongoing support.
No matter where you operate in the nation, local families will rely on you for the following:
- In-depth knowledge of the local senior living facilities
- Knowledge of facilities’ KPIs, including performance reviews and track record
- Insights into specialized services offered by local structures
- Availability of regular tours to the assisted-living facilities
- Ongoing support for families and their senior members
Do I Need To Be an Experienced Franchisee To Join a Franchise?
One of the benefits of joining a franchise is that you don’t need to have extensive business experience to be a successful franchise owner. Of course, the franchisor might run the necessary credit checks and investigate your credit history to ensure that you can handle the responsibility of running a business.
However, at CarePatrol, we are more interested in finding partners that uphold our same values and are just as committed as we are about giving back to the community. All training and support you need is provided.
What Investment Do You Require? And What Are My Financing Options?
Understanding how much you are going to need to join a franchise is essential to budget for this career move. Make sure to ask the franchise about all costs, not just the initial investment. For example, you might consider inquiring about running costs and fees to get a better overview of what to expect. And, don’t forget to ask about your options in terms of financing and if they are SBA-approved.
We are committed to helping professionals give back to the community and explore their purpose. That is why we keep the cost of starting a franchise low—usually between $72,000 and $90,000. Get in touch to find out more about traditional and alternative financing options.
What Performance Should I Expect To Achieve?
One of the greatest benefits of joining a franchise is that the earning potential is unlimited—just make sure to ask what to expect from the average revenue and at what point of the journey you are expected to break even.
At CarePatrol, we are happy to report that our franchisees earn 142% more revenue compared to competitors—or around $428,000 in revenue for top-performing ones—and we are established as a recognized industry leader.
Start Your Franchise With CarePatrol, Today!
Whether you are a first time franchisee or have years of experience in the entrepreneurial industry, CarePatrol can offer you a franchise partnership like no other. Learn from a community of networkers and start a career that’s fulfilling for yourself and others.
Our team of highly trained professionals can answer any further questions you may have about franchising. From how to get started to what you should expect to make within your first year, we are here to walk you through each step of the process.
Your Partner in Senior Care Solutions