What was the amount of reimbursed charges from franchises, net, for Caring Senior Service in 2022?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenues | ||||
| Royalty fees | $2,112,484 | $ 1,951,540 | $ 1,682,759 | |
| Franchise sales and renewal fees | 182,156 | 195,278 | 206,868 | |
| Technology fee revenue | 1,091,807 | 876,001 | 528,246 | |
| Reimbursed charges from franchises, net | 205,963 | 444,914 | 247,305 | |
| Total Revenue | 3,592,410 | 3,467,733 | 2,665,178 | |
| Operating Expenses | ||||
| General and administrative expenses | 1,173,689 | 1,525,555 | 1,403,766 | |
| Partners' compensation | 62,000 | 65,000 | 66,000 | |
| Technology fee expense | 1,066,368 | 757,400 | 664,191 | |
| Employee lease expense | 852,689 | 1,276,777 | 988,026 | |
| Total Operating Expenses | 3,154,746 | 3,624,732 | 3,121,983 | |
| Net Operating (Loss) Income Before | ||||
| State Franchise Tax Provision | 437,664 | (156,999) | (456,805) | |
| State franchise tax provision | ( 18,648) | (17,968) | (7,981) | |
| Net Income (Loss) | $ 419,016 | $ (174,967) | $ (464,786) |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the reimbursed charges from franchises, net, in 2022 were $247,305. This figure represents the total amount of expenses that Caring Senior Service franchisees were charged and subsequently reimbursed for during that year. These expenses could include items such as marketing costs, training expenses, or other support services provided by the franchisor.
Understanding the reimbursed charges is important for prospective franchisees as it provides insight into the financial relationship between the franchisor and its franchisees. A high amount of reimbursed charges could indicate that franchisees are frequently incurring expenses that are later covered by the franchisor, or it could reflect the franchisor's active involvement in supporting franchisees' operations through various programs and services.
It's worth noting that the reimbursed charges are presented net, meaning any credits or offsets have already been applied. Reviewing these figures over multiple years, as presented in the FDD, can help potential franchisees identify trends and assess the financial stability and support system of the Caring Senior Service franchise.