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Updated RecentlyCarePatrol vs 24/7 Nursing Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CarePatrol vs 24/7 Nursing Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $72,220 - $89,145 | $48,250 - $63,300 |
| Franchise Fee | $49,500 | $34,900 |
| Royalty Fee | $500-1.5K/mo. | 5% |
| Advertising Fee | - | 1,5% |
| Year Founded | 1993 | 2013 |
| Year Franchised | 2009 | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 32 hours Classroom Training: 58 hours Additional Training: Online training | On-The-Job Training: 8 hours Classroom Training: 22-24 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Grand Opening |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 | Number of Employees Required to Run: 10 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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.
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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About 24/7 Nursing Care
24/7 Nursing Care, Inc is a leading provider of nursing care and companion services for individuals who want to remain independent and outside of a nursing home setting. We believe that the medical and emotional aspects of home health care should go together. The caregivers we place are those that excel both at their job and empathizing with patients. We believe there’s no point in focussing on a patient’s medical needs without addressing the need for tender loving care. As our name suggests, we provide round the clock care, both day and night. No job is too big or too small.
Following the success of our vision in our hometown of Miami, Florida, we were inspired to spread this ethos and offer franchise opportunities nationwide.
Benefits
We at 24/7 Nursing Care are committed to providing excellent nursing and companion services to our clients, whether it is long term or short term. It stands to follow then that we are also committed to the success of our franchisees. We will help you create your very own 24/7 Nursing Care. You will have personal consultant who will guide you through the business development process with everything from licensing and infrastructure to creating a targeted marketing plan for your franchise. With a low cost to start, and very little overhead, you will be sure to see a quick return on your investment.Offering
We have two franchise offerings available:• Own a single 24/7 Nursing Care franchise with a protected territory of 15,000 to 30,000 people who are 65 years old or older.
• Purchase the rights to a larger territory though an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies. larger territory through an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies.