What was the number of Caring Senior Service franchise transfers in Utah during 2023?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 0 | |
| Arizona | 2023 | 2 |
| 2024 | 0 | |
| 2022 | 0 | |
| Colorado | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 0 | |
| Georgia | 2023 | 2 |
| 2024 | 0 | |
| 2022 | 1 | |
| Nebraska | 2023 | 0 |
| 2024 | 0 | |
| 2022 | 0 | |
| Ohio | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 1 | |
| Tennessee | 2023 | 0 |
| 2024 | 1 | |
| 2022 | 2 | |
| Texas | 2023 | 0 |
| 2024 | 0 | |
| 2022 | 0 | |
| Utah | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 0 | |
| Wisconsin | 2023 | 1 |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–53)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, there was one franchise transfer in Utah during 2023. The FDD provides a table outlining the number of franchise transfers by state and year. This information is crucial for potential franchisees as it can provide insights into the stability and desirability of existing Caring Senior Service franchise locations.
The transfer of a franchise can occur for various reasons, such as the franchisee's retirement, relocation, or decision to pursue other business ventures. A higher number of transfers might indicate instability or challenges within the franchise system, while a lower number could suggest that franchisees are generally satisfied with their businesses. However, it is important to consider the context and reasons behind the transfers to draw accurate conclusions.
For a prospective Caring Senior Service franchisee, understanding the number of transfers in a specific state can help in assessing the market and the potential for success. It is advisable to further investigate the reasons for any transfers and to speak with current and former franchisees to gain a comprehensive understanding of the franchise system. This due diligence can contribute to making an informed decision about investing in a Caring Senior Service franchise.