What was the amount of reimbursed charges from franchises, net, for Caring Senior Service in 2024?
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, totaled $205,963 in 2024. This figure represents the amount Caring Senior Service collected from its franchisees to cover specific expenses, after any applicable deductions or offsets. These reimbursed charges are a revenue stream for the franchisor.
For a prospective franchisee, understanding the reimbursed charges is crucial. It provides insight into the financial relationship between the franchisee and Caring Senior Service. Franchisees should inquire about what specific expenses these charges cover and the method by which they are calculated. Knowing this can help a franchisee forecast their potential costs and profitability.
It's also worth noting the trend of these reimbursed charges over the past three years. In 2023, the reimbursed charges were $444,914, and in 2022, they were $247,305. The fluctuation in these charges from year to year could be due to various factors, such as changes in the types of services offered or adjustments in the reimbursement policies. A prospective franchisee should investigate the reasons behind these changes to better understand the financial dynamics of the franchise system.