Spectrum Home Services vs CarePatrol Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs CarePatrol including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Spectrum Home Services Franchise
CarePatrol Franchise
Investment $58,000 - $99,950$72,220 - $89,145
Franchise Fee $25,000$49,500
Royalty Fee 5%$500-1.5K/mo.
Advertising Fee --
Year Founded 20001993
Year Franchised 20042009
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Spectrum Home Services Franchise
CarePatrol Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Spectrum Home Services Franchise
    CarePatrol Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/Yes

    Training & Support

     
    Spectrum Home Services Franchise
    CarePatrol Franchise
    Training -On-The-Job Training: 32 hours Classroom Training: 58 hours Additional Training: Online training
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicks, Regional advertisingCo-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations Franchise can be run from home.

    Absentee ownership of franchise is NOT allowed.

    Absentee Ownership Allowed

    Number of Employees Required to Run: 1 - 2


    Expansion Plans

     
    Spectrum Home Services Franchise
    CarePatrol Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Spectrum Home Services

    Spectrum Home Services was started in 2000 accordingly of Jenny Nelson's Masters Project. Jenny Nelson, an enrolled Physical Therapist, chose to backtrack and get her Masters in Gerontology. As a feature of the Masters in Gerontology program, Jenny needed to build up a marketable strategy concentrating on the necessities of seniors.

    As a Physical Therapist, she would always observe individuals she had watched over in the nursing home return since they had re-harmed themselves attempting to keep up their homes. The longing was to create strategy for success to address this need.

    Jenny built up the Spectrum Home Services strategy for success keeping in mind the end goal to address these home support issues. At the time, the standard logic inside the medicinal services industry was that senior care organizations just tended to those issues managing the customers mind. That theory neglected to consider that the need to keep up the house was additionally an essential part of permitting the customer to live freely.

    Obviously, Jenny's educator was suspicious and gave her a C. Jenny is not one to acknowledge a C. Angry with the review, she quickly had her Husband Tony Nelson, an authorized Realtor and Property Manger, read the arrangement. Tony read the strategy for success and understood the requirement for seniors additionally perceived that bustling property holders, children of post war America, and land experts required a similar comprehensive administrations. Tony urged Jenny to talk about the review with her teacher.

    The following day Tony quickly quit his property administration work and centered his endeavors full time around building the Spectrum Home Service demonstrate into an effective business. Jenny contended her review with the suspicious educator and had the review change to a B.

    Today, the once suspicious educator is quite a while customer of Spectrum Home Services, was the keynote speaker at the primary Spectrum Home Services Franchisee Conference and is a major supporter of Spectrum Home Services mission and endeavors. Since the beginning of the organization, Spectrum Home Services clientèle has developed to incorporate occupied property holders, youthful moms, land organizations, seniors, non-medicinal senior care organizations, home wellbeing offices, strong restorative hardware suppliers and some more. Our essential objective is to make a sheltered, very much kept up environment for each of our customers, regardless of what phase of life they're in.

    At Spectrum Home Services we understand that our customers have different home administration needs running from dynamic seniors, occupied mortgage holders, and experts. When you call a Spectrum Home Services office, you can be guaranteed that your needs turn into our needs and that we will do all that we can to address your issues.

    About CarePatrol

    There are other choices in the Senior Care Franchise Industry other than in-home caregiving services. CarePatrol helps families find assisted living and other senior housing options for seniors. We refer our clients to top in home care providers or assisted living communities and receive a handsome commission each time our client chooses one of our providers’ services. Finish the day knowing you made a difference in someone’s life and a potential incredible income at the same time.

    Founded in 1995 by a social worker after observing the personal trauma experienced by a family whose loved one had been placed in the wrong type of facility, CarePatrol became the pioneer organization of the now thriving senior placement industry. Today, under the careful direction of that same founder, we're helping families make safe choices all over America and are developing our brand with a steady and calculated growth to ensure a superior platform for the support of our franchisees nationwide.

    CarePatrol assists seniors and their families with the difficult task of identifying the most appropriate residential facility or in-home care service in their area. Each of our offices are contracted with dozens of providers in their region and are paid handsomely every time a client is placed with one of them. The service is completely free to clients as our franchisees are paid directly by the providers. It's a business in which each party benefits and feels tremendous satisfaction every time the service is performed.

    The senior placement business model has significant advantages over the homecare operations that have become so popular over the past decade. In addition to a much lower initial investment, without the ongoing expense, headache, and liability of employing caretakers, the total overhead and ease of operation is almost incomparable. Our one-of-a-kind marketing program distributes referrals provided by both headquarters and other franchisees for a 30% fee to the source on paid accounts.

    Other senior placement brands have arisen in the recent past, but only one has remained true to its founding for 18 years with an impeccable track record of operations and an enormous collection of successful entrepreneurs eager to tell their story. Our recent annual convention was attended by 100% of our franchisees in a display of satisfaction and participation that's not only unmatched in our industry, but almost unheard of anywhere in American franchising.

    Wise research and foresight has led you to explore senior services - one of the fastest growing markets of the future. With that, we now invite you to learn about the lucrative niche of "senior placement" ... from CarePatrol - America's original senior placement service.

    The total investment necessary to begin operation of a single CarePatrol franchise ranges from $72,220 to $89,145. This includes $57,595 that must be paid to the franchisor or their affiliates.
    The total investment necessary to operate a multiple unit CarePatrol franchise ranges from $126,745 to $197,545, which includes $97,595 for two units, or $132,595 for three units, that must be paid to the franchisor or their affiliates.
    Veteran Incentives  Double order of initial marketing materials
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    #73 in Gator's Top franchises.
    In Franchise Business Reviews Top 200.