|
Below is an in-depth analysis and side-by-side comparison of Griswold Special Care vs CarePatrol including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $106,350 - $133,100 | $72,220 - $89,145 |
Franchise Fee | $49,500 - $54,500 | $49,500 |
Royalty Fee | 4% | $500-1.5K/mo. |
Advertising Fee | 0.5% | - |
Year Founded | 1982 | 1993 |
Year Franchised | 1984 | 2009 |
Term Of Agreement | 7 years | - |
Term Of Agreement | 7 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | Yes/No | -/Yes |
Training & Support |
||
Training | Ongoing training in the field & free annual workshop series | On-The-Job Training: 32 hours Classroom Training: 58 hours Additional Training: Online training |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
Franchise can be run from home. 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
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.