When is the Caring Transitions franchisee's Revenue Report due each month?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
and manner prescribed by Franchisor in the Manual or otherwise in writing. In connection with its maintenance of such accounts and records, Franchisee, at its expense, shall:
- (a) Submit to Franchisor, by the 5th day of each month, a Revenue Report in the form prescribed by Franchisor and certified by Franchisee or by the Designated Individual, accurately reflecting all Gross Receipts during the preceding calendar month, together with such other data or information as Franchisor may require. Franchisor may, after providing 30 days written notice, require the reporting of Revenue Reports to be weekly, biweekly, or at such other interval as Franchisor designates;
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, franchisees are required to submit a Revenue Report to the Franchisor by the 5th day of each month. This report must accurately reflect all Gross Receipts during the preceding calendar month and be in the form prescribed by Caring Transitions. The report must be certified by the franchisee or the Designated Individual.
Caring Transitions also retains the right to modify the reporting frequency of these Revenue Reports. With 30 days' written notice, Caring Transitions can require franchisees to submit Revenue Reports weekly, biweekly, or at any other interval they designate.
Failure to submit the Revenue Report by the due date can result in penalties. Specifically, Caring Transitions charges a late fee of $100 for any Revenue Report not received within five days after the due date. This emphasizes the importance of timely and accurate financial reporting to maintain compliance with the franchise agreement.