Does the Caring Senior Service Partnership have a balance payable to Caring Senior Service LLC?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue: | |||
| Royalty fees | $ 382,217 | $ 333,983 | $ 342,194 |
| Software fees | 82,681 | 95,303 | 75,469 |
| Reimbursed charges from franchises | 89,943 | 61,382 | 55,992 |
| Total Revenue | $ 554,841 | $ 490,668 | $ 473,655 |
| Amounts included in Accounts Receivable - Trade | |||
| at December 31 | $ 6,513 | $ 47,203 | $ 37,869 |
| Amounts included in Accounts Payable - Trade | |||
| at December 31 | $ 2,858 | $ 3,232 | $ 528 |
Advances from Related Party
The Partnership leases its employees from Caring Senior Management, LLC under a management agreement. The agreement provides for the staffing requirements of the Partnership, including employee benefits and processing of payroll and payroll-related taxes. Caring Senior Management, LLC is owned by one of the partners of the Partnership. Total salaries, wages, payroll taxes and related benefits amounted to $852,689, $1,276,777, and $988,026 for the years ended December 31, 2024, 2023, and 2022, respectively. The Partnership has a balance payable to Caring Senior Management, LLC of $95,535, $97,126, and $54,538 as of December 31, 20
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 Caring Senior Service Franchise Disclosure Document, the Caring Senior Service Partnership has a balance payable to Caring Senior Management, LLC, not Caring Senior Service LLC. As of December 31, 2024, the balance payable was $95,535. The balance payable to Caring Senior Management, LLC was $97,126 as of December 31, 2023, and $54,538 as of December 31, 2022.
This balance is a result of the Partnership leasing its employees from Caring Senior Management, LLC, under a management agreement. This agreement covers the staffing requirements of the Partnership, including employee benefits, payroll processing, and payroll-related taxes. Caring Senior Management, LLC, is owned by one of the partners of the Partnership.
For a prospective franchisee, this related-party transaction indicates that Caring Senior Service relies on a separate entity for its staffing needs. It is important to note that the franchisor has a business relationship with its owners. This arrangement could impact the operational costs and financial obligations of the Caring Senior Service Partnership. A franchisee should investigate the details of this management agreement to understand its potential effects on their franchise's profitability and operational structure.