In what year did Caring Senior Service have one franchise transfer in Tennessee?
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 Tennessee during 2022. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, other than the franchisor.
This information is relevant for prospective franchisees as it provides insight into the stability and desirability of Caring Senior Service franchises. A higher number of transfers might indicate franchisees are seeking to exit the system, while a lower number could suggest satisfaction among franchisees.
Reviewing the trends in franchise transfers over the three-year period can help potential franchisees assess the health of the Caring Senior Service system and the resale opportunities that may arise. It is also important to consider the reasons behind franchise transfers, which can vary from personal circumstances to business performance.