CARING TRANSITIONS Franchise Startup Cost, Profit & Opportunities
Caring Transitions is particular about assisting elderly people with senior transitioning, relocation for elders, household liquidation and sales of real estates. The company is paid by their clients for either consultations or transitioning services. This franchise opportunity is very much opened and ideal for individuals that seek for a franchise that has low entry cost and much flexibility that they can run it from home. So how much is a Caring Transitions franchise?
GUIDE: COMFORT KEEPERS FRANCHISE STARTUP INFORMATION
FRANCHISE INFORMATION ABOUT THE COMPANY
Caring Transitions franchise conducts and organizes the sales of real estates, household goods, personal belongings, liquidations, transition services, online auctions, document organizations, moving procedure services for businesses and individuals.
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The company serves majorly elderly citizens and their families, but they also offer their services to individuals that have transition issues in their lives as divorce, death and downsizing.
IS THE TRANSITION SERVICE A BOOMING INDUSTRY?
Baby boomers are considered as people that are 65 years and above and they constitute the fastest growing market all over the world. Records have it that about 10,000 baby boomers retires on a daily basis.
As people age, they would require a lot of services which will include relocation, liquidation of assets and downsizing. Senior transitions services present an avenue to contribute to the senior care through a means that does not require one to possess any form of healthcare certifications.
IS CARING TRANSITIONS A FRANCHISE?
With the kind of market that Caring Transitions target, the company became an instant success after it was founded that they started franchising same year. That was 2006. So Caring Transitions can be considered a franchise since they sell franchise opportunities.
WHY CHOOSE CARING TRANSITIONS?
The essence of going into a business is to make profit. Caring Transitions franchise will offer you this and it will be of interest that Caring Transitions is the only organization that provides comprehensive absolute solution to issues that concern the elderly. As a Caring Transitions franchisee, you have the opportunity to earn from multiple source of revenue as:
- Senior Transitions services
- Sales and management of real estate
- Downsizing and decluttering
Another reason why you should consider buying the Caring Transitions franchise is the opportunity to work from home with low overhead costs that you might incur from securing an office space, inventory and equipment, hiring of employees.
You also do not require any form of background experience to run the franchise. The company provides all the necessary support and training you will need to achieve success and have smooth operations of your franchise unit.
HOW MUCH DOES A CARING TRANSITIONS COST?
Caring Transitions cost will be the summation of the entire necessary cash requirement to establish a franchise unit. The investment required to open a Caring Transitions unit is between the range of $58,000 and $85,000. You will also be expected to have a liquid cash requirement of about $45,000.
CARING TRANSITIONS FRANCHISE FEE
The Caring Transition franchise fee is a non-refundable fee that the company receives in order for them to grant the license to operate with their brand name to the franchisee. The initial franchise fee is $49,500. The franchisee will also need to make an on-going royalty fee of 5% of the monthly revenue of the business to the company. Also payable to the company is an ad royalty fee of $350/month.
DOES CARING TRANSITIONS FRANCHISE OFFER ANY FORM OF FINANCING?
Caring Transitions franchise does not offer any form of direct financing to their franchisees. However the company has relationships with 3rd party firms that can offer funding to assist the franchisee to cover the franchise fee as well as other startup costs.
TRAINING AND SUPPORT
Caring Transitions franchise offer trainings for their new franchisees and this will be held at the company’s corporate headquarters in Ohio. The training consists of an initial phase, which is mandatory for new franchisees or the personnel that is assigned to oversee the activities at the franchise unit. After the initial training, any other training organized by the company is not considered mandatory, although the franchisee can choose to attend.
WHAT ARE THE TERMS OF AGREEMENT?
The length of period at which the franchisee will hold the company’s license is 10 years. This can be extended by another 10 years if the franchisee wishes to continue with the franchisor or if the franchisee is able to meet with the terms and conditions for renewal
Caring Transitions franchise offers a protected territory right to every franchisee. This is delineated by their respective postal ZIP codes. The franchisee will have the right to operate within a population of about 200,000 people. If the population of the locality exceeds 200,000, the franchisee will be made to pay an additional $500 for every 1,000 people.
HOW TO OPEN A CARING TRANSITIONS FRANCHISE
If you are willing to join the Caring Transitions franchise family, you need to ensure that you have the financial requirements to establish a franchise unit. Once that is set and you have all the other information needed, the next things to understand is how to open a Caring Transitions franchise. You can then proceed to the company’s website and forward your application, which will be reviewed by the franchise management team and feed-back will be given to you after some few days.
If your application is approved, your franchise manager alongside the members of his team will then assist you with the necessary actions to take to set up your franchise unit.