How much did Caring Transitions spend on dues and subscriptions in 2024?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
signing this agreement as of the dates below.
DURABLE IRREVOCABLE POWER OF ATTORNEY [Individual Franchisee]
THIS POWER OF ATTORNEY is executed by each of the undersigned individual(s) (the "Principals") in favor of C.T. FRANCHISING SYSTEMS, INC., an Ohio corporation ("Franchisor").
PREAMBLE:
| 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 |
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the company's expenses for dues and subscriptions in 2024 totaled $692. This figure reflects the costs Caring Transitions incurred for memberships, licenses, and subscriptions necessary for its operations during that year.
For a prospective franchisee, this number provides insight into the overhead costs associated with running the Caring Transitions franchise system. While $692 may seem like a small amount compared to other expenses like advertising and marketing ($726,488) or leased employee expenses ($2,784,955), it's still a factor to consider when evaluating the overall financial health and operational costs of the franchise.
It's also worth noting that the amount spent on dues and subscriptions can fluctuate from year to year. In 2023, Caring Transitions spent $1,627, and in 2022, the expense was $1,178. These variations could be due to changes in the number of subscriptions, different licensing requirements, or other factors. A potential franchisee should inquire about the specific items included in this category to better understand the nature of these expenses and whether they can anticipate similar costs in their own operations.