What were the total Caring Transitions expenses in 2022?
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 total expenses for Caring Transitions in 2022 were $5,392,160. This figure represents the sum of various expenses, including advertising and marketing, bank and payroll fees, computer expenses, depreciation, dues and subscriptions, employee-related expenses, insurance, leased employees expenses, licenses, National Branding Fund expenses, office and supplies, postage, professional fees, rent, repairs and maintenance, sales related expenses, telephone, training and meetings, and website expenses.
Breaking down the expenses, Caring Transitions spent $535,926 on advertising and marketing, $6,248 on bank and payroll fees, and $282,073 on computer expenses. Other notable expenses include $46,554 for depreciation, $1,178 for dues and subscriptions, $10,653 for employee-related expenses, and $10,052 for insurance. The most significant expense was for leased employees, amounting to $1,987,285, followed by National Branding Fund expenses at $1,316,876.
Further expenses include $13,923 for office and supplies, $4,990 for postage, $297,712 for professional fees, and $108,924 for rent. Caring Transitions also spent $190 on repairs and maintenance, $527,523 on sales-related expenses, $33,697 on telephone, $204,102 on training and meetings, and $2,132 on website expenses. Understanding these expenses is crucial for prospective franchisees as it provides insight into the cost structure of the franchise and helps in financial planning.
It is important to note that these expenses are specific to the franchisor's operations and may not directly reflect the expenses a franchisee will incur in their individual business. However, this information can be used as a benchmark when evaluating potential costs and profitability. Prospective franchisees should carefully review all financial information provided in the FDD and consult with existing franchisees and financial advisors to gain a comprehensive understanding of the financial aspects of operating a Caring Transitions franchise.