What was the royalty fees revenue for Caring Senior Service in 2024?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenues | ||||
| Royalty fees | $2,112,484 | $ 1,951,540 | $ 1,682,759 | |
| Franchise sales and renewal fees | 182,156 | 195,278 | 206,868 | |
| Technology fee revenue | 1,091,807 | 876,001 | 528,246 | |
| Reimbursed charges from franchises, net | 205,963 | 444,914 | 247,305 | |
| Total Revenue | 3,592,410 | 3,467,733 | 2,665,178 | |
| Operating Expenses | ||||
| General and administrative expenses | 1,173,689 | 1,525,555 | 1,403,766 | |
| Partners' compensation | 62,000 | 65,000 | 66,000 | |
| Technology fee expense | 1,066,368 | 757,400 | 664,191 | |
| Employee lease expense | 852,689 | 1,276,777 | 988,026 | |
| Total Operating Expenses | 3,154,746 | 3,624,732 | 3,121,983 | |
| Net Operating (Loss) Income Before | ||||
| State Franchise Tax Provision | 437,664 | (156,999) | (456,805) | |
| State franchise tax provision | ( 18,648) | (17,968) | (7,981) | |
| Net Income (Loss) | $ 419,016 | $ (174,967) | $ (464,786) |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the royalty fee revenue for 2024 was $2,112,484. This indicates the total amount of royalty fees Caring Senior Service collected from all of its franchisees during that year. Royalty fees are a primary source of income for franchisors, as franchisees pay a percentage of their gross sales in exchange for the use of the Caring Senior Service brand, system, and ongoing support.
In addition to royalty fees, Caring Senior Service also generated revenue from other sources, including franchise sales and renewal fees ($182,156), technology fees ($1,091,807), and reimbursed charges from franchises ($205,963). The total revenue for Caring Senior Service in 2024 was $3,592,410. These figures provide insight into the financial health and revenue streams of the Caring Senior Service franchise system.
A prospective franchisee should consider the royalty fee structure and how it impacts their profitability. Understanding the franchisor's revenue sources can also help a franchisee assess the value they receive in exchange for the fees they pay. It's important to note that while Caring Senior Service had a net income of $419,016 in 2024, this figure is after deducting operating expenses such as general and administrative expenses ($1,173,689), partners' compensation ($62,000), technology fee expenses ($1,066,368), and employee lease expenses ($852,689).