7/10

Franchimp Summary Rating

7 /10
Earnings Transparency
4 /10
Franchisee Attrition
Lower than 68% of peers
10 /10
Investment Accessibility
Lower than 4% of peers

Franchise Summary

Description
A Caring Transitions franchise organizes and conducts sales of estate assets, personal belongings, and household goods and provides transition services, liquidations, and moving management services for individuals, businesses, and organizations.
Company Background
Caring Transitions is a network of qualified professionals that specialize in estate liquidation, home sales, and moving services. They are the leading company for all your downsizing needs. MISSION STATEMENT: To provide an unparalleled experience to clients by ensuring they receive outstanding value in their transitions. VISION STATEMENT: Caring Transitions will be the best company in the industry with over 50 franchises across America within 10 years.
Franchise Opportunity
Downsizing a home can be an incredibly difficult process, especially if you have a lot of belongings. Not only do you have to worry about finding a new home for all your stuff, but you also have to deal with the hassle and stress of liquidating everything yourself. Caring Transitions can take care of everything for you. We'll help you organize and conduct a sale of your estate assets, personal belongings, and household goods. We'll also provide transition services, liquidations, and moving management services so that downsizing is as easy and stress-free as possible.
Corporate Structure
C.T. Franchising Systems, Inc. is an Ohio corporation that was formed on April 20, 2006. Their principal business address is 10700 Montgomery Road, Suite 300, Cincinnati, Ohio, 45242. They do business under their name, C.T. FRANCHISING SYSTEMS, INC., and under their trade name, CARING TRANSITIONS. They have offered franchises since 2006.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Services-General Industry

$290,854 / unit

Franchise Type: Standard

Average Revenue During 2022

Show All Years +

Franchisee Attrition

4 /10
This franchise's rate of attrition in 2021 of 8.00% was Slightly Lower than the 11% in the Services-General industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Caring Transitions Franchisees

Caring Transitions Franchise System Development in 2021

FAQ

How much investment do I need to start my own Caring Transitions business?
Franchisees typically require at least $63 to $108 investment to get their Caring Transitions business started
What are the initial franchise fees for Caring Transitions?
Franchisees typically need to pay at least $48 in fees directly to Caring Transitions in order to earn the right to launch their business
How much money can I make with a Caring Transitions franchise? What are the average revenues for a typical Caring Transitions business?
We estimate that the average revenue of an individual Caring Transitions unit is approximately $290,854. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Caring Transitions unit? What is my contractual commitment?
Caring Transitions franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10
The Franchisor's investment costs ranges from $63,562 to $108,612 which is Much Lower than the $0 to $0 average in the Services-General industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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