What was the total number of Caring Transitions outlets at the end of 2024 in Maine?
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 | | | 20
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 was 1 outlet in Maine at the end of 2024. The table provided in Item 20 of the FDD details 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.
Specifically for Maine, at the start of 2022 there were 2 outlets, none opened, 1 was reacquired by the franchisor, and the year ended with 1 outlet. In 2023, there was 1 outlet at the start of the year, none opened, and the year ended with 1 outlet. In 2024, there was 1 outlet at the start of the year, none opened, and the year ended with 1 outlet.
This information is valuable for prospective franchisees as it provides a clear picture of the brand's presence and changes in outlet numbers over the past three years in Maine. It is important to note that while there was a change in the number of outlets between 2022 and 2023, the number of outlets remained constant in 2023 and 2024. This data helps potential franchisees gauge the stability and growth of Caring Transitions in Maine.