What were the principal payments on long-term debt for Caring Senior Service in 2024?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Net income (loss) | $ 419,016 | $ ( 174,967) | $ ( 464,786) |
| Adjustments to Reconcile Net Loss to Net Cash | |||
| Provided (Used) by Operating Activities: | |||
| Depreciation expense | 5,627 | 9,644 | 9,644 |
| Changes in: | |||
| Accounts receivable | (64,728) | 57,854 | 64,930 |
| Prepaid expenses | 12,560 | 47,249 | ( 23,911) |
| Accounts payable | (8,512) | ( 6,701) | 108,326 |
| Interest payable | 37,212 | - | - |
| Grab the bars fundraiser liability | - | - | ( 109,343) |
| Employee lease liability - related party | (5,461) | 42,588 | 19,804 |
| Accrued state franchise taxes | 5,185 | 7,203 | ( 1,503) |
| Deferred franchise fees | 38,244 | 40,967 | ( 71,868) |
| Net Cash Provided (Used) by Operating Activities | 439,143 | 23,837 | ( 468,707) |
| Investing Activities | |||
| Net changes in notes receivable | (51,846) | 12,000 | ( 10,450) |
| Net changes in loans to partner-owned entities | (116,539) | ( 100,000) | ( 52,000) |
| Net Cash Provided (Used) by Investing Activities | (168,385) | ( 88,000) | ( 62,450) |
| Financing Activities | |||
| Principal payments on long-term debt | (8,135) | ( 8,840) | ( 7,966) |
| Proceeds from related party note | - | 200,000 | - |
| Partner Distributions | - | - | ( 593) |
| Net Cash Provided (used) by Financing Activities | (8,135) | 191,160 | ( 8,559) |
| Net Increase (Decrease) in Cash |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the principal payments on long-term debt were $8,135 in 2024. This figure reflects the total amount of principal paid towards all long-term debts held by the Caring Senior Service Franchise Partnership during that year.
For a prospective franchisee, understanding the principal payments on long-term debt is crucial for assessing the financial health and stability of the franchisor. It provides insight into how Caring Senior Service manages its debt obligations and allocates its cash flow. Lower principal payments might indicate better cash flow management, while higher payments could suggest a more leveraged financial position.
It's important to note that this figure represents the franchisor's debt payments, not the potential debt a franchisee might incur to start their own Caring Senior Service franchise. A franchisee will likely have their own separate debt obligations related to startup costs, equipment, and working capital. Reviewing the franchisor's debt payments can still offer a general sense of financial responsibility and how debt is handled within the organization.