What is the purpose of the Caring Senior Service Development Addendum?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
ISE AGREEMENT
| This Conversion Addendum to the Caring Senior Service Franchise Agreement ("Addendum"), dated as | |
|---|---|
| of the Effective Date of the Franchise Agreement (as hereinafter defined) is attached to and made a part of | |
| the Caring Senior Service Franchise Agreement ("Franchise Agreement"), by and between Caring Senior | |
| Service Franchise Partnership, L.P., a Texas limited liability company having its principal business offices | |
| located at 201 East Park Avenue, San Antonio, Texas 78212 and doing business as Caring Senior Service | |
| ("Franchisor"), and, a/an, having its principal | |
| business office located at ("Franchisee" or "you"), for the | |
| purpose of modifying and amending the terms of such Franchise Agreement. |
BACKGROUND
- A. Prior to the Effective Date, Franchisee operated an independent non-medical residential assistance and care business ("Prior Business").
- B. As a special allowance for Franchisee to convert its Prior Business into a CARING SENIOR SERVICE franchised business and thereby join the Caring Senior Service System, Franchisor has offered Franchisee the financial incentives contained within this Addendum.
AGREEMENT
NOW, THEREFORE, in consideration of the above recitals and the agreements contained in this Addendum, Franchisor and Franchisee agree as follows:
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- All capitalized terms herein which are not separately defined herein shall have the meanings ascribed to such terms in the Franchise Agreement.
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- In the event of a conflict between the terms of the Franchise Agreement and the terms of this Addendum, the terms of this Addendum shall control.
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- Except as specifically modified by this Addendum, all terms of the Franchise Agreement are in full force and effect.
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- Franchisee represents and warrants to Franchisor that all balance sheets, income statements and other financial information that Franchisee furnished to Franchisor to determine the total gross revenue of Franchisee's Prior Business derived from non-medical in home services during the twelve (12) months immediately preceding the Effective Date of the Franchise Agreement and this Addendum ("Base Year Revenue Amount") are accurate and correct in all material respects. Franchisee acknowledges that Franchisor has relied upon such information as provided by Franchisee in determining Franchisee's qualification for the incentive program evidenced by this Addendum.
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- Franchisee agrees that Franchisor may, upon request, examine the books and financial records of Franchisee's Prior Business in addition to any other books and records that Caring Senior Service is entitled to examine in accordance with Section 5.10 of the Franchise Agreement.
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Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 Caring Senior Service Franchise Disclosure Document, the Conversion Addendum modifies and amends the terms of the existing Franchise Agreement between Caring Senior Service and the franchisee. Specifically, it addresses situations where a franchisee is converting an existing independent non-medical residential assistance and care business into a Caring Senior Service franchise.
The addendum acknowledges that the franchisee previously operated an independent business and, as a special allowance for converting to a Caring Senior Service franchise, the franchisor is offering financial incentives. This suggests that the addendum outlines the specific terms and conditions related to this conversion, including any financial considerations or support provided by Caring Senior Service to facilitate the transition.
Furthermore, the addendum emphasizes the importance of franchisees being financially sound to protect the reputation and good name of the Caring Senior Service brand. It also states that the franchisee has provided all necessary information and documents to the franchisor. The franchisee and its guarantors must execute a general release in favor of the franchisor. The Development Addendum is personal to the franchisee and cannot be transferred or assigned. Caring Senior Service can terminate the addendum if the franchisee breaches its terms, breaches the Franchise Agreement, or if the Franchise Agreement is terminated.