Is the $5,000 deposit required by Caring Transitions refundable?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
mpany derives its revenues primarily from the sale of franchises and related royalty and technology fee income. The Company charges a franchise fee of $48,900 ($44,900 prior to April 2024). The Company requires a $5,000 nonrefundable deposit, and the balance of the franchise fee must be paid in full prior to commencement of the training progra
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, a $5,000 deposit is required when purchasing a franchise. This deposit is explicitly described as nonrefundable. The remaining balance of the total franchise fee must be paid before the franchisee commences the training program.
This nonrefundable deposit means that if a prospective franchisee changes their mind before starting the training, they will not receive the $5,000 back. This is a significant financial commitment that potential franchisees should carefully consider. It is important to be certain about pursuing the Caring Transitions franchise opportunity before paying the deposit.
Furthermore, the FDD states that once the franchisee begins the upfront training, the entire franchise fee becomes nonrefundable. This reinforces the importance of due diligence and careful consideration before moving forward with the Caring Transitions franchise. Franchisees should be fully prepared and committed before starting the training program, as no refunds will be provided afterward.