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Caring Transitions
 

Ranked “Top 50 New Franchises” by Entrepreneur, 2009, this is a rewarding, home-based business helping Seniors and their families transition from their homes to retirement communities. You’ll work with bank trustees, Realtors®, moving companies and other professionals to help ease relocation. Five days of extensive, on-site training on operating and growing a successful business. With six revenue streams and the Senior population expected to double by 2030, this is the next big wave in Senior Care.

Franchisor Background

Year Established:

  2006

Franchising Since:

  2006

Operating Units:

Franchised Units:65 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:65 100%  
 

Geographic Distribution:

U.S.:65 100% In 30 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:65 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Florida7
2. Missouri7
3. Virginia7

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$20K
Cash Investment:$18.9K
Total Investment:$37.7K-64.4K
Average Total Investment:$51K
 

Fees:

Initial Franchise Fee:$27.9K
Average Franchise Fee:$25K
On-Going Royalty:6% or $300
Average Royalty:6%
Advertising Fee:$150/month

Average Number of Employees:

   1 Full-time, 1 Part-time

Space Needs (in square footage):

  

Preferred Sites:

   Home-based

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:50
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?Not Applicable
Financial Assistance?Yes, Indirect
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:No
Local Advertising:No
Marketing Materials:Ad Slicks, Brochures, Promotional Items, Site Signs, Trade Show Exhibits
Additional Services:Grand Opening, In-house Marketing, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Not Applicable
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Cincinnati, OH5 Business Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:1
Formal Education:2
Psychological Profile:3
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:3%
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:15%
Specific Minority:Caring Transitions is a proud member of Minority Fran.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   30
U.S.:Yes, All U.S.
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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