What is the definition of 'Commencement Date' for the Caring Transitions Winners' Circle rebate program?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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We presently offer a rebate program called "The Winners' Circle" for new Caring Transitions owners that meet our qualifications and that achieve certain revenue goals. For qualifying owners, we will rebate $10,000 of the franchise fee they paid if they attain cumulative gross receipts of at least $900,000 during the two-year period after the Commencement Date; we will rebate an additional $10,000 of the franchise fee if they received the first rebate and attain cumulative gross receipts of at least $1,600,000 during the three-year period after the Commencement Date; we will rebate an additional $10,000 of the franchise fee if they received the first two rebates and attain cumulative gross receipts of at least $2,300,000 during the four-year period after the Commencement Date; and we will rebate the remainder of the franchise fee they paid if they received the first three rebates and attain cumulative gross receipts of at least $3,100,000 during the five-year period after the Commencement Date. The "Commencement Date" is the first day of the month following the month in which the training program for new owners is completed. If the owner fails to achieve any one of these revenue goals, then he or she will not be eligible to receive any additional rebate. To be eligible for any rebate, the owner must strictly comply with all obligations to us, including timely reporting all gross receipts and paying all royalties and fees required by the franchise agreement, must have attended all franchise system national conferences and regional conferences and all required on-site training centers, must sign a general release, and must have strictly complied with all other material terms and conditions of each agreement and instrument between us. If the Franchise Agreemen
Source: Item 5 — INITIAL FEES (FDD pages 12–13)
What This Means (2025 FDD)
According to Caring Transitions's 2025 Franchise Disclosure Document, the 'Commencement Date' for the Winners' Circle rebate program is defined as the first day of the month following the month in which the new owner's training program is completed. This date is significant because it marks the beginning of the period during which a new Caring Transitions franchisee must meet specific revenue goals to qualify for rebates on their initial franchise fee.
The Winners' Circle program offers a rebate of $10,000 of the initial franchise fee if a franchisee attains cumulative gross receipts of at least $900,000 during the two-year period after the Commencement Date. Additional rebates are available for higher revenue goals achieved within longer timeframes after the Commencement Date. Specifically, an additional $10,000 rebate is available for reaching $1,600,000 in gross receipts within three years, another $10,000 for $2,300,000 within four years, and the remainder of the franchise fee for $3,100,000 within five years.
To be eligible for any rebate, a Caring Transitions franchisee must strictly comply with all obligations to Caring Transitions, including timely reporting of gross receipts, paying all royalties and fees, attending all national and regional conferences and required on-site training centers, signing a general release, and complying with all other material terms and conditions of the agreements. It's important to note that the revenue goals are not projections or guarantees of actual earnings, and Caring Transitions reserves the right to cancel or modify the rebate program, although owners already accepted into the program will be permitted to complete it.