What is the monthly Technology Fee for a Caring Transitions franchise?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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- You must pay a monthly Technology Fee of $250 for software licensing or development fees and other technology tools to be used for the operation of your business. In our most recent fiscal year, we received technology fees totaling $414,855, or about 4.3% of our total revenues of $9,739,278. The amount of the Technology Fee is subject to change upon reasonable notice, but will not be increased by more than 10% per each year in which the franchise agreement has been effective in addition to increases due to additional or different software and technology tools being added and price increases from third-party vendors. In our discretion, we may require you to purchase some or all of the technology tools directly from a third-party sup
Source: Item 6 — OTHER FEES (FDD pages 13–16)
What This Means (2025 FDD)
According to Caring Transitions's 2025 Franchise Disclosure Document, franchisees must pay a monthly Technology Fee of $250. This fee covers the licensing or development of software and other technology tools that Caring Transitions makes available for use in operating the business.
The FDD also states that Caring Transitions received $414,855 in technology fees during their most recent fiscal year, which represented approximately 4.3% of their total revenues of $9,739,278. This gives a prospective franchisee some context as to how the technology fees contribute to the overall revenue of the franchisor.
It is important to note that Caring Transitions retains the right to modify the Technology Fee with reasonable notice. However, the increase cannot exceed 10% per year that the franchise agreement is in effect, unless the increase is due to the addition of new software or technology tools, or price increases from third-party vendors. Caring Transitions also has the discretion to require franchisees to purchase some or all of the technology tools directly from a third-party supplier, which could impact the overall cost to the franchisee.