What was the Caring Transitions rent expense in 2023?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 4,327 | 4,583 | 4,990 |
| Professional fees | 321,350 | 275,662 | 297,712 |
| Rent | 118,615 | 113,918 | 108,924 |
| Repairs & maintenance | 1,221 | 680 | 190 |
| Sales related expenses | 541,980 | 559,221 | 527,523 |
| Telephone | 81,013 | 32,391 | 33,697 |
| Training & meetings | 230,038 | 165,798 | 204,102 |
| Website expenses | 146,755 | 163,931 | 2,132 |
| Total expenses | 7,009,611 | 5,905,796 | 5,392,160 |
| Income from operations | 2,729,687 | 2,419,764 | 1,086,847 |
| Other income (expense): | |||
| Interest income | 24,656 | 9,850 | 3,225 |
| Interest expense | (804) | (1,753) | (3,734) |
| Other income | 689 | 150 | 6,463 |
| State & local taxes | (33,955) | (98,937) | (75,278) |
| Total other expense | (9,414) | (90,690) | (69,324) |
| Net income | $ 2,720,273 | 2,329,074 | 1,017,523 |
| Retained earnings, beginning | 924,955 | 543,380 | 618,358 |
| Distributions | (1,705,000) | (1,947,499) | (1,092,501) |
| Retained earnings, ending | $ 1,940,228 | 924,955 | 543,380 |
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions's 2025 Franchise Disclosure Document, the rent expense for Caring Transitions in 2023 was $113,918. This figure is part of the expenses listed in the Receipt section of the FDD, providing a clear overview of the brand's financial performance. This information is valuable for prospective franchisees as it offers insight into the operational costs associated with the franchise.
Understanding the rent expense is crucial for assessing the overall profitability and financial health of Caring Transitions. For comparison, the rent expense in 2024 was $118,615, and in 2022 it was $108,924. Reviewing these figures over a three-year period allows potential franchisees to identify trends and better understand how rent expenses may fluctuate. This information can be used to create more accurate financial projections and business plans.
It is important to note that this rent expense likely reflects the costs incurred by the franchisor, Caring Transitions, and not the expenses that individual franchisees might face. Franchisees should consider their own local market conditions and lease agreements to estimate their specific rent expenses, as these can vary significantly based on location. While this data provides a general benchmark, prospective franchisees must conduct thorough due diligence to determine their actual costs.