Simultaneously building RE portfolio and home care business with Majestic Residences’ CEO Chuck Bongiovanni
- Author
- Lance Graulich
- Published
- Fri 14 Jan 2022
- Episode Link
- https://eye-on-franchising.simplecast.com/episodes/simultaneously-building-re-portfolio-and-home-care-business-with-majestic-residences-ceo-chuck-bongiovanni-xx1FcD8u
Who knew you could build (2) businesses, simultaneously, and just as easily as building (1)?
Sounds overwhelming, right? It just raises so many questions!
How much legwork does that entail? What about manpower and logistics? How do you split yourself between the 2 and which one do you prioritize? More importantly, how much is that going to cost?!
How about we let Chuck Bongiovanni give you the answers you need!
Chuck Bongiovanni, MSW, MBA, CSA, CFE, CPRS is a Certified Franchise Executive and is currently CEO and Co-Founder of Majestic Residences Franchise System, a senior residential care home franchise.
Chuck was also the founder of CarePatrol Franchise Systems in 2009, which is the largest franchised senior placement company. In 2014 CarePatrol acquired their largest competitor, Assisted Transition Franchise Systems, and doubled overnight.
His Administrative Social Work background made him the natural pioneer of the senior placement and referral industry for the past 29 years. In his placement agent career, he and his company placed over 100,000 seniors in assisted living and residential homes across the country.
Chuck realized that despite his success with CarePatrol, there exists a problem he has yet to address: large assisted living facilities can appear cold, distant, and institutional at times which can make his clients’ loved one’s transition from moving from their home even more difficult.
By investing into residential real estate, franchisees could build their investment portfolios in addition to running their senior care business, and simultaneously, provide cozier homes and environments for clients.
The smaller structures also provide additional benefits such as more personalized care and a lower staff to resident ratio.
In this episode, Chuck discusses more about their systems and structures to tackle your earlier questions. By the end of it, you’ll be left with a single question:
“When can I start?”
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