5 Things to Look for in a Senior Care Franchise Opportunity
If you’re considering starting a senior care franchise, you’ve got a lot of options competing for your attention. This is especially true for those interested in becoming a senior living advisor, someone who provides exceptional senior placement services to families looking for care. It’s critical to know what to look for in a senior care franchise before you sign.
With each franchisor offering different terms, territories, financing options, and more, it can be hard to know what things to consider when buying a franchise in this market.
Joining any franchise system involves an initial investment, plus various franchise fees and royalty fees. But what sets apart a truly exceptional franchise is the value you get back from that investment. Your chosen franchisor should provide you with a wealth of tools, technologies, and support from day 1.
What to Look for in a Senior Care Franchise
Let’s take a look at the markers you should see in your franchise opportunities, and some of the valuable resources that CarePatrol offers upfront to help you run your franchise at its full potential.
Proven Business Model & Best Practices
Since our beginnings in 1993, we’ve developed an incredible track record of success. On average, CarePatrol franchise owners earn 142% more revenue than those with our next closest competitor. When you choose CarePatrol, you set a foundation for a high-performing franchise business that makes the most of your investment.
Our franchise agreements have a minimum $50,000 liquidity requirement, one of the lowest cash requirements in the market. In 2018, those who most closely followed our business model were able to turn that investment into more than $428,000 in annual revenue. With CarePatrol, you’ll be a senior living advisor and the CEO of your burgeoning business, capable of driving it to great financial success with the roadmap we provide.
Intensive & Comprehensive Training
CarePatrol has one of the most comprehensive training programs in the industry. You don’t have to have prior experience in the senior care industry to succeed here. With 8–12 weeks of training, two personal visits with a Regional Performance Coach, and ongoing peer-to-peer collaboration, you’ll have everything you need to become an expert and prosper in this market.
Your training program includes access to CarePatrol’s proprietary software that helps you assess, review, and track senior living options in your area. We also provide insight on understanding business metrics, referral development, client interactions, and more. By the time you finish your initial training, you will have completed over 160 hours of learning, earning your Certified Senior Advisor® certification.
Readily Available Business Coaches & Mentors
A crucial part of starting a business as a senior living advisor is generating local interest in your services in the early stages. It’s a common adage in the business world that the first year of running a small business is mostly about survival. But with CarePatrol, you will have a dedicated Regional Performance Coach on your side to help you thrive in those first months and beyond.
Your coach will make personal visits to your territory to help you begin establishing and growing a referral network. Even after your initial training, this mentor will be there to nurture your success on an ongoing basis. They’ll keep you in the know with our corporate team’s latest operational, organizational, and marketing resources as well as any regional updates.
Marketing, Branding & Advertising
Like any reputable franchisor, CarePatrol produces marketing content to create brand recognition at the national level. But we also encourage and support franchisees in local branding. We provide training on best practices for making your business stand out on social media, assist in local and regional advertising, and more. We can also help you create visually stunning brochures, videos, and any other marketing collateral you need.
Of course, it’s not all about materials! We also provide extensive training on how to market your services to local hospitals and other referral partners. With access to industry-leading advertising resources and ongoing soft-skill-building opportunities, you’ll always be able to respond to new challenges and keep your marketing plan on track.
As a nationally recognized brand, CarePatrol gives you a head-start from the beginning when it comes to reputation and lead generation. Combine that with our strong digital and traditional marketing support, and you’ll be positioned to start generating buzz as soon as you open your doors.
Real-Time Technology & Support Networks
Being a senior living advisor is a different life from being any other kind of senior care business owner. You won’t have to worry about purchasing real estate for your business or juggling pricing models for products or services. But that doesn’t mean this franchise opportunity is without its unique challenges, and when they arise, you deserve real-time, flexible, and meaningful support.
At CarePatrol, we have plentiful and ongoing resources for our franchisees, open to you at any time. You can post your question on a message board, where existing franchisees can pick up the thread and talk you through their experiences. Or, you can reach out to your dedicated Regional Performance Coach, who will understand the nuances of your individual market.
Learn More About CarePatrol’s Industry-Leading Franchise Opportunity
To make the most of your investment in your future, choose a franchisor that maximizes your potential from the very start. With ongoing education, real-time business support, and extensive resources at your disposal, CarePatrol gives you everything you need to succeed. If you’re interested in learning more about CarePatrol, request your free Franchise Information Report today!
Choose CarePatrol & Become a Successful Senior Living Advisor
CarePatrol, a member of the Best Life Brands family, is an award-winning senior care franchise that sets the standard for business success. If you’re ready to make a career change and are passionate about helping others, speak with a Franchise Advisor today. Work from home, be your own boss, and make a difference in your community with CarePatrol!