Becoming a Senior Living Advisor: Your FAQs Answered
Owning a senior care franchise is one of the most rewarding moves you can make for yourself—both personally and financially. Of course, any career change comes with a lot of questions. How do I get started? Is this the right path for me? Maybe you’re even wondering what exactly you’ll be doing and what your day-to-day looks like. You may have lots of questions about becoming a senior living advisor.
At CarePatrol, our franchisees are senior living advisors, meaning they are both business owners and important resources for local families. We’re here to answer the most frequently asked questions about franchising with us, starting with the basics. And if you don’t see your question here, you can always contact us to request more information!
What Does a Senior Living Advisor Do?
Senior living advisors help older adults find the most appropriate senior living accommodations according to their needs. They identify safe independent living, assisted living, nursing home and memory care options and provide resources to help families transition.
Finding senior solutions ideally suited to care for a loved one can be one of the most stressful times in a person’s life. Families often aren’t equipped with the knowledge, resources, and emotional bandwidth to make a good decision, and that’s where advisors come in!
How Involved Will I Be in This Business Day-to-Day?
CarePatrol franchisees are very involved in their business—in fact, they are the business. Some senior solutions companies simply provide a long list of facilities for families to search through when they call seeking help. CarePatrol performs those thorough searches for clients.
If you are the type of person who wants to take a hands-on approach in making a difference in the lives of others, this is a great opportunity for you. You’ll tour facilities with families, provide them with in-depth research, and use the most advanced software and technology available to find the right care option. At the end of the day, you’ll be a source of comfort, support, and expertise throughout the whole process.
Of course, you also have a great deal of flexibility. Our franchisees have busy days, but because the work can be home-based, they have the ability to do the things they need in their personal lives while also running and growing their businesses.
How Much Will I Need to Invest to Get Started?
One of the things that sets CarePatrol apart is its low cost of entry. Our low start-up costs make CarePatrol one of the most affordable investment opportunities in the senior care industry. A franchise under $100,000 with unlimited profit potential is rare, but we have almost 30 years of staying power to prove it’s not too good to be true.
Because your business will be home-based, you’ll have few to no overhead costs to worry about. Plus, you’ll have everything you need to successfully operate on your own when starting out; most of our franchisees don’t hire employees until their business scales significantly. Both of these benefits help you keep expenses lower in the crucial early stages of your business.
If Senior Solutions Are Provided at No Cost to Clients, How Will I Make Money?
It’s true—our senior living advisors don’t charge their clients a fee for their services. However, at the end of 2021, our franchise system saw 50% revenue growth, and the top-performing franchisee earned more than $1,338,846 in revenue. How is this possible?
CarePatrol operates with a network of thousands of senior care locations. Franchisees earn their money from these partnerships. With every client that moves into a facility on your recommendation, you receive a healthy commission. In this model, your compensation reflects your results—the more families you help, the more you are rewarded.
Will I Have to Compete with Other CarePatrol Franchisees?
No, CarePatrol territories are protected, exclusive, and vetted for growth potential. The senior care industry is in extreme growth mode—by 2040, the U.S. will need to add nearly 1 million new senior living units to handle demand. As a greater proportion of the population ages and more communities are built for them, your exclusive territory will only grow.
Even if you open your franchise in a nearby geographical area to another franchisee, you’ll work together rather than against each other. Franchisees serving large regions often feel they’re part of a team, working closely to represent the brand, promote each other, and help the community at large.
Becoming a Senior Living Advisor: How Do I Start My Career?
Whether you have experience in the senior care industry or are coming from a completely different background altogether, CarePatrol has the extensive training you need to get started. We set our franchisees up for success with a proven business model, ongoing support, and the most advanced proprietary tools available. When you’re ready to learn more about how you can help others, work from home, and be your own boss, take your first step by downloading your free Franchise Information Report.
CarePatrol: Your Dream Career Awaits
As a Best Life Brands company, CarePatrol is proud to help budding entrepreneurs help America’s families—and be rewarded for their efforts. We’ve earned the Franchisee Satisfaction Award from Franchise Business Review for 12 years in a row, as well as placement on the Entrepreneur Franchise 500 list. Get in touch today to start a no-obligation discovery call with a franchise advisor!