What Does it Cost to Own a CarePatrol Franchise?
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 $71,540 to $88,490. 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.
CarePatrol offers long-standing relationships with top national funding partners who can assist with a variety funding options.
We have prime territories available in choice markets across the country.
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||At time you sign Franchise Agreement||Us|
|Food, lodging & travel (assumes 2 people while training)||$1,000 - $2,000||As Incurred||During training||Hotels, restaurants, and airlines|
|Real estate, build out and improvements||NOT APPLICABLE|
|Computer system||$900 - $1,900||Lump Sum||Before opening||Suppliers|
|Software license fee (for proprietary software)||$1,495||As Incurred||At time you sign Franchise Agreement and as incurred||Us|
|Equipment and supplies||$150 - $800||Lump Sum||Before opening||Suppliers|
|Onboarding fee||$7,500||Lump Sum||10 days before training||Us|
|Pre-opening marketing||$1,500||Lump Sum||Before opening||Local marketing vendors|
|Certified Senior Advisor Certification||$1,495 - $1,795||Lump Sum||When you sign up for program||Suppliers|
|Business licenses & permits||$0 - $4,000||As Incurred||Before opening||State and government agencies|
|Professional fees||$1,500 - $2,500||Lump Sum||Before opening||Attorney, accountant or approved vendor|
|Vehicle (deposit & 3 lease payments)||$0 - $5,000||Installments||As Incurred||Suppliers|
|Insurance (for first year of operations)||$2,500 - $3,500||Lump Sum||Before opening||Insurance Companies|
|Additional funds (3-month period after opening)||$4,000 - $7,000||As Incurred||As Incurred||Suppliers, employees and us|
|TOTAL||$71,540 - $88,490|