What were the Caring Transitions' leased employee expenses in 2024?

According to Caring Transitions' 2025 Franchise Disclosure Document, the company incurred leased employee wages and related expenses from a related party amounting to $3,509,876 in 2024. This figure represents a significant expense category for Caring Transitions.

For a prospective franchisee, understanding this related-party transaction is crucial. It indicates that Caring Transitions relies on a related entity for its employee leasing needs. This arrangement could have implications for the stability and cost of labor, as the terms are not necessarily negotiated at arm's length.

It's also worth noting the trend in these expenses over the years. In 2023, the expenses were $2,713,448, and in 2022, they were $2,463,126. The consistent increase in leased employee expenses suggests a growing reliance on this arrangement or an increase in the cost of these services. A potential franchisee should investigate the nature of this related-party relationship and the terms of the leasing agreement to assess any potential risks or benefits.

Franchisees should also compare these figures with industry benchmarks and carefully evaluate the potential impact on their own operating costs and profitability. Further due diligence into the specifics of the related party and the services provided is advisable.