What was the total number of Caring Transitions outlets at the end of 2024 in Illinois?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
4 | 1 | | TOTALS | 2022 | 9 | | | 2023 | 15 | | | 2024 | 15 | | STATE | YEAR | OUTLETS AT START OF YEAR | OUTLETS OPENED | TERMINATIONS | NON- RENEWALS | REACQUIRED BY FRANCHISOR | CEASED OPERATIONS OTHER REASONS | OUTLETS AT END OF THE YEAR | |---|---|---|---|---|---|---|---|---| | ALABAMA | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, there were 10 outlets in Illinois at the end of 2024. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
For a prospective franchisee, this information is valuable in assessing the brand's presence and growth in Illinois. Knowing the number of outlets opened and the net change in outlets can provide insights into the market's potential and the brand's acceptance in the state.
It is important to note that while the table provides a historical overview, it does not guarantee future performance. Factors such as local market conditions, competition, and the franchisee's operational capabilities can all influence the success of a Caring Transitions franchise. Reviewing these figures in conjunction with other data in the FDD, such as franchisee turnover rates and financial performance representations, can offer a more comprehensive understanding of the opportunity.