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Home >> Health & Fitness >> In-Home Health Care
 Caring Transitions 10700 Montgomery Rd. Cincinnati, OH, 45242 USA |
Submit an online form to receive information from Caring Transitions.
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Business Description
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
North America:
States/Provinces with the largest number of operating units:
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
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
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: | 64 | 100% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||
Total Operating Units: | 64 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Florida | 7 |
| 2. Missouri | 7 |
| 3. Virginia | 7 |
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: | $36.7K-64.4K |
| Average Total Investment: | $41K |
| Fees: | |
| Initial Franchise Fee: | $27.9K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 6% or $300 |
| Average Royalty: | 6% |
| Advertising Fee: | $150/month |
Space Needs (in square footage):
Preferred Sites: Home-based
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: Yes
| 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 | ||||||||
| 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 | ||||||||
| 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, OH | 5 Business Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Caring Transitions.
|
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