factual

What is the legal structure of Caring Senior Service Franchise Partnership, L.P.?

Caring_Senior_Service Franchise · 2025 FDD

Answer from 2025 FDD Document

Notes to Financial Statements December 31, 2024, 2023, and 2022

1. Nature of the Organization

The Reporting Entity

Caring Senior Service Franchise Partnership, L.P. (the Partnership), is a limited partnership formed and operating under the laws of the state of Texas and having its principal place of business in San Antonio, Texas. The Partnership has two partners. One partner is the general partner - Senior Health Services, Inc. (SHSI) - that owns 2% of the partnership interest. The other partners are limited partners: Mr. Jeffrey Salter and Desert Mountain, LLC. who own 78% and 20% of the partnership interest, respectively. Mr. Jeffrey Salter owns 100% of the stock of SHSI and Mr. Ian Klaes owns 100% of the partnership interest of Desert Mountain, LLC.

Source: Item 23 — RECEIPTS (FDD pages 53–204)

What This Means (2025 FDD)

According to Caring Senior Service's 2025 Franchise Disclosure Document, Caring Senior Service Franchise Partnership, L.P. is a limited partnership formed and operating under the laws of the state of Texas, with its principal place of business in San Antonio, Texas. The partnership has two partners. Senior Health Services, Inc. (SHSI) is the general partner, owning 2% of the partnership interest. The limited partners are Mr. Jeffrey Salter and Desert Mountain, LLC, owning 78% and 20% of the partnership interest, respectively. Mr. Jeffrey Salter owns 100% of the stock of SHSI, and Mr. Ian Klaes owns 100% of the partnership interest of Desert Mountain, LLC.

This means that Senior Health Services, Inc., as the general partner, likely has more control over the day-to-day operations and management of the Caring Senior Service franchise system, while Mr. Salter and Desert Mountain, LLC have a more passive investment role as limited partners. However, all partners share in the profits and losses of the business according to their ownership percentages.

For a prospective franchisee, understanding the ownership structure of the franchisor can provide insights into the decision-making processes and potential stability of the franchise system. Knowing that the general partner has a relatively small ownership stake (2%) compared to the limited partners (78% and 20%) might prompt a franchisee to ask further questions about the roles and responsibilities of each partner and how major decisions are made within the Caring Senior Service organization.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.