CarePatrol Franchise FDD, Profits & Costs (2025)
CarePatrol, established in 1993 by Chuck Bongiovanni, is a franchise dedicated to senior living placement. It assists families in finding the right senior care solutions, including assisted living, independent living, memory care, and nursing homes.
What makes CarePatrol stand out is its commitment to offering personalized placement services completely free of charge to families, blending a community-oriented approach with a profitable business model.
Based in Troy, Michigan, the franchise began expanding through franchising in 2009 and has achieved remarkable growth since.
A major advantage of CarePatrol is its focus on safeguarding clients by meticulously evaluating care facilities to ensure they adhere to the highest standards. Additionally, franchisees benefit from exclusive territories, a feature that strengthens CarePatrol’s competitive edge in the senior care industry.
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Initial Investment
How much does it cost to start a CarePatrol franchise? It costs on average between $60,000 – $131,000 to start a CarePatrol franchised center.
This includes expenses for office setup, marketing materials, training, and initial operating costs. The exact investment varies based on factors such as the location, the size of the territory, and whether the franchisee opts to lease or purchase office space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $20,000 – $57,000 |
| Training Fee | $10,000 |
| Travel Expenses for Training | $2,500 – $5,200 |
| Real Estate & Related Expenses | $150 – $200 |
| Office Equipment | $1,100 – $2,250 |
| Computer Systems | $2,500 – $3,750 |
| Signs | $0 – $550 |
| Certified Senior Advisor Certification | $1,495 – $1,795 |
| Professional Fees & Business Licenses | $1,725 – $2,725 |
| Vehicle – Deposit & 3 Lease Payments | $0 – $5,000 |
| Insurance – 3-6 Months | $650 – $2,500 |
| Additional Funds – 3-6 Months | $20,000 – $40,000 |
| Total | $60,120 – $130,970 |
Average Revenue (AUV)
How much revenue can you make with a CarePatrol franchise? A CarePatrol franchised location makes on average $199,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $920,000 yearly revenue for similar assisted living franchises. Below are a few CarePatrol competitors as a comparison:
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We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
CarePatrol Franchise Disclosure Document
Frequently Asked Questions
How many CarePatrol locations are there?
As of the latest data, CarePatrol operates a total of 172 units, all of which are franchised. The company does not own any locations, making its business model entirely franchise-driven.
What is the total investment required to open a CarePatrol franchise?
The total investment required to open a CarePatrol franchise ranges from $60,000 to $131,000.
What are the ongoing fees for a CarePatrol franchise?
For a CarePatrol franchise, the ongoing fees include a royalty fee of 5% of gross revenue. Additionally, franchisees are required to contribute 2% of gross revenue to a marketing fund. These fees are designed to support both the operational and promotional efforts of the franchise network.
What are the financial requirements to become a CarePatrol franchisee?
To become a CarePatrol franchisee, the financial requirements include a minimum net worth of $250,000 and liquid capital of at least $50,000. These requirements ensure that franchisees have the financial stability to support initial investments and ongoing operational costs.
How much can a CarePatrol franchise owner expect to earn?
The average gross sales for a CarePatrol franchise are approximately $0.92 million per location. Assuming a 15% operating profit margin, $0.92 million yearly revenue can result in $138,000 EBITDA annually.
Who owns CarePatrol?
CarePatrol is owned by Best Life Brands, a company specializing in franchising businesses that focus on senior care and wellness.
Disclaimer
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