What Does it Cost to Own a CarePatrol Franchise?
Here is a breakdown of the costs and fees associated with investing in a CarePatrol franchise.
CarePatrol is one of the most affordable franchise opportunities on the market with tremendous earning potential. Our home-based business model substantially lessens the financial barriers to franchise ownership, making CarePatrol an accessible and proven route for entrepreneurs who want take control of their future in a growing business that makes a real difference in people’s lives.
The total initial investment to open a new CarePatrol franchise ranges from $72,220 to $89,145. Our low entry cost has grown out of more than 25 years of expertise in helping our franchisees grow thriving businesses in their communities.
Value Of My Franchise Fee
Our franchisees have access to immersive training, ongoing peer-to-peer collaboration, proprietary software, proven best practices and more to help their businesses grow and prosper. In short, the value is realized as we help entrepreneurs like you become the subject-matter experts for families seeking help for their aging loved ones.
Financing Options
CarePatrol offers long-standing relationships with top national funding partners who can assist with a variety funding options.
Available Markets
We have prime territories available in choice markets across the country.
Investment Specifics
For a more in-depth look at costs and fees associated with opening a new CarePatrol franchise, please review Item 7 from our most recent Franchise Disclosure Document:
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial Franchise Fee | $49,500 | Lump Sum | Upon Execution of Franchise Agreement | CarePatrol |
| Onboarding Fee | $7,500 | Lump Sum | 10 days before training | CarePatrol |
| Travel Expense for Training | $2,500 - $5,000 | As Incurred | As Incurred | Vendors |
| Real Estate and Related Expenses | NOT APPLICABLE | |||
| Office Equipment | $1,100 - $2,100 | Lump Sum | Before opening | Vendors |
| Computer Systems | $2,500 - $3,500 | As Incurred | Before opening | Vendors |
| Signs | $0 - $500 | Lump Sum | Before opening | Vendors |
| Certified Senior Advisor Certification | $1,495 - $1,795 | Lump Sum | When you enroll | Society of Certified Senior Advisors |
| Professional Fee & Business Licences | $1,500 - $2,500 | As Incurred | As Incurred | Vendors |
| Vehicle (deposit & 3 lease payments) | $0 - $5,000 | Installments | As Incurred | Suppliers |
| Insurance (3-6 months) | $625 - $1,750 | As Incurred | As Incurred | Vendors |
| Additional funds (3-months) | $5,500 - $10,000 | As Incurred | As Incurred | Various |
| TOTAL | $72,220 - $89,145 |