What was the average gross receipts for Caring Transitions franchises for the year ending 12/31/2021?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| u. Dispute resolution by arbitration or mediation | 16.2 | Except for certain claims, all disputes must be arbitrated in Hamilton County, Ohio (subject to state law); claims may not be consolidated with claims of other franchisees; parties waive right to jury trial and punitive damages; except for certain claims, all claims must be brought within 1 year, subject to state law. |
| v. Choice of forum | 18.4 | Except for claims arising under a franchise law of the state where the franchised business is located, all litigation or arbitration must be in Hamilton County, Ohio, subject to state law. |
| w. Choice of law | 18.3 | Except for claims arising under a franchise law of the state where the franchised business is located, Ohio law applies, subject to state law. |
| Year Ending | Year Ending | |
| 12/31/2021 | 12/31/2022 | |
| Average Gross Receipts | $606,166.45 | $633,235.64 |
| Median Gross Receipts | $521,607.16 | $509,928.49 |
| Highest Gross Receipts | $2,571,645.75 | $2,714,401.00 |
| Lowest Gross Receipts | $395,912.76 | $390,847.70 |
| Percentage of franchisees that | 30% | 30% |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Average Gross Profit % | 63% | 62% |
| Highest Gross Profit % | 97% | 96% |
| Median Gross Profit % | 64% | 62% |
| Lowest Gross Profit % | 27% | 17% |
| Percentage of franchisees that | 52% | 49% |
| attained or surpassed Average | ||
| Gross Profit % | ||
| # of Franchises | 46 | 53 |
| Year Ending | Year Ending | |
| 12/31/2021 | 12/31/2022 | |
| Average Gross Receipts | $306,361.73 | $311,961.78 |
| Median Range of Gross | $302,264,16 | $315,602.98 |
| Receipts | ||
| Highest Gross Receipts | $395,420.54 | $382,465.66 |
| Lowest Gross Receipts | $218,375.26 | $225,868.00 |
| Percentage of franchisees that | 48% | 49% |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Average Gross Profit % | 56% | 54% |
| Highest Gross Profit % | 100% | 100% |
| Median Gross Profit % | 56% | 57% |
| Lowest Gross Profit % | 15% | 5% |
| Percentage of franchisees that | 52% | 55% |
| attained or surpassed Average | ||
| Gross Profit % | ||
| # of Franchises | 46 | 53 |
| Year Ending | Year Ending | |
| 12/31/2021 | 12/31/2022 | |
| Average Gross Receipts | $153,447.00 | $145,821.74 |
| Median Gross Receipts | $155,067.05 | $147,175.33 |
| Highest Gross Receipts | $216,496.79 | $224,946.96 |
| Lowest Gross Receipts | $101,500.89 | $93,847.00 |
| Percentage of franchisees that | 51% | 58% |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Average Gross Profit % | 59% | 57% |
| Highest Gross Profit % | 100% | 100% |
| Median Gross Profit % | 58% | 78% |
| Lowest Gross Profit % | 2% | 59% |
| Percentage of franchisees that | 45% | 58% |
| attained or surpassed Average | ||
| Gross Profit % | ||
| # of Franchises | 47 | 52 |
| Year Ending | Year Ending | |
| 12/31/2021 | 12/31/2022 | |
| Average Gross Receipts | $56,216.58 | $61,074.36 |
| Median Gross Receipts | $54,760.85 | $63,904.61 |
| Highest Gross Receipts | $101,313.26 | $93,099.46 |
| Lowest Gross Receipts | $14,199.28 | $13,235.16 |
| Percentage of franchisees that | 45% | 56% |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Average Gross Profit % | 65% | 42% |
| Highest Gross Profit % | 100% | 58% |
| Median Gross Profit % | 66% | 47% |
| Lowest Gross Profit % | 6% | 3% |
| Percentage of franchisees that | 51% | 83% |
| attained or surpassed Average | ||
| Gross Profit % | ||
| # of Franchises | 47 | 52 |
| Year Ending | Year Ending | |
| 12/31/2021 | 12/31/2022 | |
| Average Gross Receipts | $278,658.52 | $290,853.97 |
| Median Gross Receipts | $216,496.79 | $225,868.00 |
| Highest Gross Receipts | $2,571,645.75 | $2,714,401.00 |
| Lowest Gross Receipts | $14,199.28 | $13,235.16 |
| Number of franchises that | 81 | 88 |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Percentage of franchises that | 44% | 42% |
| attained or surpassed Average | ||
| Gross Receipts | ||
| Highest Gross Profit % | 100% | 100% |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 36–41)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the average gross receipts for all Caring Transitions franchises for the year ending December 31, 2021, was $278,658.52. This figure is based on data from 81 franchises. Gross receipts are defined as the total income arising from the operation of the franchised business, excluding refunds, discounts, sales, and excise taxes.
It's important to note that this average includes a range of performance, with the highest gross receipts reaching $2,571,645.75 and the lowest at $14,199.28. The median gross receipts for this period was $216,496.79, indicating that half of the franchises earned more than this amount, and half earned less. Furthermore, 44% of franchises attained or surpassed the average gross receipts of $278,658.52.
These figures provide a general overview of the financial performance of Caring Transitions franchises during that specific year. However, prospective franchisees should be aware that past performance is not necessarily indicative of future results. The FDD also emphasizes that franchisees should consult with a financial advisor or accountant to review the financial performance representation and prepare their own financial projections. It is also important to consider factors such as location, market conditions, and individual business acumen, which can significantly impact a franchise's financial success.