Do you understand the risks associated with investing in and operating a Caring Transitions franchise?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Did you receive a copy of the signed the Franchise Agreement | or the remittance form | Franchise Disclosure Document at least 14 days before you or paid any money for the franchise? | |
|---|---|---|---|---|
| Yes | No | |||
| 2. | Did you read the franchise contracts and their exhibits? Yes | No | ||
| 3. | Do you understand everything in the franchise contracts and their exhibits? Yes If "No," what parts of (Attach additional pages if necessary.) | No the franchise contracts or their exhibits do you NOT understand? | ||
| 4. | Have you discussed your purchase of a Caring Transitions franchise with an attorney, accountant, or other professional advisor? Yes | No | ||
| 5. | If you answered "No" to Question 4, do account, or other professional advisor? Yes | you understand that you may consult with an attorney, No | ||
| 6. | Do you understand the risks of investing in and operating a franchise? Yes | Caring Transitions No |
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
According to the 2025 Caring Transitions Franchise Disclosure Document, prospective franchisees are asked to acknowledge their understanding of the risks associated with investing in and operating a Caring Transitions franchise. Specifically, Exhibit O, the Franchisee Acknowledgment Statement, includes a question directly addressing this understanding.
This acknowledgment is part of a broader set of questions designed to ensure that the franchisee has carefully reviewed the FDD and franchise agreements, sought professional advice, and is not relying on unauthorized promises or representations made by Caring Transitions. The questionnaire covers key aspects such as receiving the FDD in a timely manner, reading and understanding the franchise contracts, and consulting with advisors.
By signing this statement, a prospective Caring Transitions franchisee confirms they are aware of the potential risks involved in the franchise. This includes factors like their own skills and abilities, the number of hours they are willing to work, competition, interest rates, economic conditions, and other general business factors that can influence the success or failure of their Caring Transitions franchise.