When must the balance of the Caring Transitions franchise fee be paid?
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, the balance of the franchise fee must be paid in full prior to commencement of the training program. The initial franchise fee is $48,900 (increased from $44,900 in April 2024). A franchisee must make a $5,000 nonrefundable deposit.
This means that a prospective Caring Transitions franchisee needs to have the remaining $43,900 available before they start their training. This is a standard practice in franchising, as the franchisor needs to ensure they have the capital to provide the initial support and training to get the franchisee started.
It is important to note that once the franchisee begins the upfront training, the entire franchise fee becomes nonrefundable. Therefore, a prospective franchisee should carefully consider their decision before starting the training program.