What was the revenue from Caring Transitions franchise agreements in 2022?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
ed party for its leased employees.
C. T. Franchising Systems, Inc. Notes to the Financial Statements December 31, 2024, 2023 and 2022
During 2024, 2023 and 2022, the Company incurred leased employee wages and related expenses from a related party of $3,509,876, $2,713,448, and $2,463,126, respectively. During 2024, 2023 and 2022, the Company also paid marketing expenses of $273,000, $271,250, and $271,250, respectively, to related parties.
Amounts due from related parties in accounts receivable totaled $3,191 and $14,275 at December 31, 2024 and 2022, respectively. There were no receivables from related parties at December 31, 2023.
Amounts due to related part
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Caring Transitions does not explicitly state the total revenue derived from franchise agreements in 2022. However, it does provide some related financial information. Specifically, the document includes details on related party transactions, such as leased employee wages and marketing expenses paid to related parties.
For instance, in 2022, Caring Transitions incurred $2,463,126 in leased employee wages and related expenses from a related party and paid $271,250 in marketing expenses to related parties. Additionally, the document mentions that amounts due from related parties in accounts receivable totaled $14,275 at December 31, 2022, while there were no amounts due to related parties at the same date.
To obtain the specific revenue figure from franchise agreements for 2022, a prospective franchisee should directly ask Caring Transitions for this information. Understanding the revenue streams directly tied to franchise agreements is crucial for evaluating the financial performance and stability of the franchise system.