Get Franchise Bundle
Get Full Bundle:
$99 $79
$79 $49
$49 $29

TOTAL:

Description
Investment Icon

What Are the Initial Investment Requirements for a Caring Transitions Franchise?

To open a Caring Transitions franchise, you'll need an initial investment ranging from $63,562 to $108,612. This includes a franchise fee of $48,900. Additionally, you'll need to meet net worth requirements of $100,000 to $150,000. It's important to have sufficient cash on hand, as the total cash required falls within the same range as the initial investment. This financial commitment lays the groundwork for your franchise journey.

Fees Icon

What Are the Ongoing Fees Associated with a Caring Transitions Franchise?

Caring Transitions franchisees are subject to ongoing fees, including a royalty fee of 6% of gross sales and a marketing fee of 4%. These fees contribute to the overall brand support and marketing efforts that can help drive business growth. Understanding these costs is crucial for effective financial planning and ensuring the profitability of your franchise unit.

Revenue Icon

What Is the Average Revenue Potential for a Caring Transitions Franchise?

Caring Transitions franchises have demonstrated strong revenue potential, with an average annual revenue of approximately $299,400 per unit. The median annual revenue is notably higher at $590,638, with some units generating as much as $2,714,401. This revenue potential underscores the viability of the franchise model and the opportunities available for dedicated franchisees.

Breakeven Icon

How Long Does It Take to Break Even with a Caring Transitions Franchise?

Franchisees can expect to reach their breakeven point within 12 months of operation. The investment payback period is approximately 22 months, indicating a relatively quick return on investment for those who effectively manage their operations. This timeline can be encouraging for aspiring entrepreneurs considering the Caring Transitions franchise opportunity.

Caring Transitions Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$100,000 - $150,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

22 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$48,900
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

6%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

4%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$63,562 - $108,612
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$63,562 - $108,612
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$299,400
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$590,638
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$2,714,401
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$407,582
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Healthcare & Senior Care
Category icon A more specific division within the broader industry.

i Category:

Senior Living Facilities
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Gary Green
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

4755 Lake Forest Drive, Suite 100, Cincinnati, Ohio 45242
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2006
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Strategic Franchising

Caring Transitions Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

314
The number of locations owned by independent franchisees.

Franchised Units i

314
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2021 2022 2023
Total Units 240 272 314
Net Change YoY 32 42
Franchised Units 240 272 314
Net Change YoY 32 42
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Franchise Overview

Caring Transitions is a leading franchise specializing in senior relocation and transition services. With a focus on assisting older adults and their families, the franchise provides comprehensive solutions, including downsizing, estate sales, and home cleanouts. Founded to address the unique needs of seniors, Caring Transitions has grown to become a trusted name in the industry, helping clients navigate life's transitions with compassion and care.

Potential About

Investment Details

The initial investment for a Caring Transitions franchise ranges from $63,562 to $108,612, making it an accessible option for aspiring entrepreneurs. The franchise fee is $48,900, and franchisees are subject to a royalty fee of 6% of gross sales, along with a marketing fee of 4%. This investment structure allows franchisees to leverage a proven business model while maintaining manageable costs.

Metrics About

Financial Performance

Caring Transitions franchises report an average annual revenue of approximately $299,400, with a median revenue of $590,638. The highest annual revenue recorded per unit is $2,714,401, showcasing the potential for significant earnings. With a breakeven time of just 12 months and an investment payback period of 22 months, franchisees can expect a solid return on their investment.

Fees About

Franchise Growth

Caring Transitions has demonstrated consistent growth, expanding from 240 franchised units in 2021 to 314 in 2023. This upward trend indicates a strong market demand for its services and the effectiveness of its franchise model. With no corporate-owned units, the brand focuses entirely on franchise partnerships, fostering a collaborative network of independent business owners.

Breakeven About

Support and Training

Franchisees benefit from extensive training and ongoing support provided by Caring Transitions. This includes initial training programs, marketing resources, and operational guidance to ensure franchisees are well-equipped to run their businesses successfully. The franchise's commitment to support helps new owners navigate challenges and maximize their potential for growth.

Units About

Target Market

Caring Transitions primarily serves seniors and their families, a demographic that is growing rapidly due to an aging population. With an increasing number of older adults seeking assistance with relocation and life transitions, franchisees are positioned to tap into a lucrative market. This focus on a specific target audience allows franchisees to build strong relationships and trust within their communities.

Frequently Asked Questions

The initial investment for a Caring Transitions franchise ranges from $63,562 to $108,612. This includes the franchise fee, equipment, and other startup costs.