What were the total expenses for Caring Transitions 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 company's total expenses in 2022 were $5,392,160. This figure encompasses a range of operational costs, with the largest expense being leased employee expenses at $1,987,285, followed by national branding fund expenses at $1,316,876. Sales related expenses amounted to $527,523, and advertising and marketing costs totaled $535,926.
Other notable expenses for Caring Transitions in 2022 included computer expenses at $282,073, professional fees at $297,712, and training and meetings expenses at $204,102. Rent expenses were $108,924, while telephone expenses were $33,697. Smaller expenses included employee-related expenses at $10,653, insurance at $10,052, and office and supplies at $13,923.
Understanding these expenses is crucial for prospective franchisees as it provides insight into the financial management and cost structure of Caring Transitions. By examining these figures, potential franchisees can better assess the financial health of the company and anticipate the types of expenses they may encounter as franchise owners. It's important to note that these are company-wide expenses and may not directly reflect the expenses a franchisee will incur, but they offer a valuable benchmark for financial planning and analysis.