table_specific

What were the Caring Transitions computer expenses in 2023?

Caring_Transitions Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023 2022
Revenue:
Revenue from franchise agreements $ 7,731,280 6,565,467 5,031,029
National Branding Fund revenue 2,008,018 1,760,093 1,447,978
9,739,298 8,325,560 6,479,007
Expenses:
Advertising & marketing 726,488 663,540 535,926
Bank & payroll fees 5,756 10,164 6,248
Computer expenses 197,874 156,949 282,073
Depreciation 48,334 56,596 46,554
Dues & subscriptions 692 1,627 1,178
Employee-related expenses 17,703 17,688 10,653
Insurance 24,161 14,569 10,052
Leased employees expenses 2,784,955 2,196,943 1,987,285
Licenses 4,418 4,723 2,122
National Branding Fund expenses 1,738,015 1,452,123 1,316,876
Office & supplies 15,916 14,690 13,923
Postage 4,327 4,583 4,990
Professional fees 321,350 275,662 297,712
Rent 118,615 113,918 108,924
Repairs & maintenance 1,221 680 190
Sales related expenses 541,980 559,221 527,523
Telephone 81,013 32,391 33,697
Training & meetings 230,038 165,798 204,102
Website expenses 146,755 163,931 2,132
Total expenses 7,009,611 5,905,796 5,392,160
Income from operations 2,729,687 2,419,764 1,086,847
Other income (expense):
Interest income 24,656 9,850 3,225
Interest expense (804) (1,753) (3,734)
Other income 689 150 6,463
State & local taxes (33,955) (98,937) (75,278)
Total other expense (9,414) (90,690) (69,324)
Net income $ 2,720,273 2,329,074 1,017,523
Retained earnings, beginning 924,955 543,380 618,358
Distributions (1,705,000) (1,947,499) (1,092,501)
Retained earnings, ending $ 1,940,228 924,955 543,380

Source: Item 23 — RECEIPT (FDD pages 49–202)

What This Means (2025 FDD)

According to Caring Transitions' 2025 Franchise Disclosure Document, the company's computer expenses in 2023 were $156,949. This figure reflects the costs Caring Transitions incurred for computer-related services and equipment during that year.

For a prospective franchisee, understanding these expenses is crucial as it provides insight into the technological investments necessary to operate the franchise. Computer expenses can cover software licenses, hardware maintenance, IT support, and other related costs essential for running the business efficiently.

Reviewing these historical expenses helps potential franchisees anticipate their own potential costs related to technology. It's important to note that these are Caring Transitions' expenses and may not directly translate to an individual franchisee's costs, which can vary based on their specific needs and operational scale. However, it serves as a useful benchmark for budgeting and financial planning.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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