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LAST UPDATED: April 2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.caringtransitionsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">https://www.caringtransitionsfranchise.com/</a>NUMBER OF LOCATIONS:&nbsp;255REPORTED COST TO GET IN:&nbsp;$58,912 to $82,712REPORTED ROI (Item 19):&nbsp;$278,658.52 (average gross revenue for 168 reporting franchisees)<a href="https://1851franchise.com/caringtransitions/info">Caring Transitions</a>, founded in 2006 in Cincinnati, is the first national franchising concept specializing in senior relocation and transition services.&nbsp;<a href="https://www.caringtransitionsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Caring Transitions</a> was created to help those dealing with the evolving needs of elderly loved ones, founded on the belief that the most successful life transitions happen when care and compassion are involved. The Caring Transitions service helps seniors and families organize personal property and manage the moving process during stressful life events, with the goal of assisting them in regaining control, personal time and peace of mind.&nbsp;To learn everything about the Caring Transitions franchise opportunity, visit the brand’s 1851 News Room,&nbsp;<a href="https://1851franchise.com/caringtransitions">here</a>.&nbsp;<h4>How Many Caring Transitions Locations Are There?</h4>The company was founded in 2006, born out of an “aha!” moment connected to an in-home care franchise previously owned by its parent company&nbsp;<a href="https://strategicfranchising.com/research/how-to-open-a-strategic-franchising-systems-franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Strategic Franchising Systems</a>, which was founded over 20 years ago by&nbsp;<a href="https://strategicfranchising.com/gary-green/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Gary Green</a> and&nbsp;<a href="https://www.linkedin.com/in/danielmurphyceo?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Daniel Murphy</a>. In 2011, Caring Transitions was looking for leadership opportunities, and&nbsp;<a href="https://www.linkedin.com/in/christopherseman?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Chris Seman</a> (who is now the current president of Strategic Franchising Systems) joined as president. Seman spent the next few years working with franchise owners and building out the company’s infrastructure, growing the Caring Transitions footprint from under 100 locations to close to 200 locations.When the COVID-19 pandemic hit, the team made a couple of strategic pivots that paid off. For example, Caring Transitions created an app that allows people to take pictures of the items they would like to sell at an estate sale, send them to the franchisee, and then Caring Transitions takes those pictures and turns them into an online estate sale. Ultimately, that pivot proved successful, and online estate sales have continued to be a major profit center for franchise owners.&nbsp;Today, there are 255 Caring Transitions operations throughout the U.S., and the brand shows no signs of slowing down.&nbsp;<h4>What Is the Caring Transitions Business Model?</h4>Caring Transitions helps seniors relocate by spending time at their homes, helping them pack and organize their belongings, then moving those belongings to the new home and setting them up in a way that feels comfortable and familiar.&nbsp;Then, the team returns to the original location to arrange and host an in-person or online estate sale through its proprietary platform&nbsp;<a href="https://ctbids.com/home?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">CTBIDS</a>. The online auction site has over 425,000 registered users and over 30 million views a month. Franchisees can coordinate and facilitate online auctions for the client through the powerful proprietary platform, and receive a portion of the liquidation sales to maximize their income. Ninety percent of all listed items on the platform are sold.&nbsp;This creates a low-overhead, home-based business model that grants franchisees access to multiple profit centers without having to worry about complex, medical senior care.&nbsp;<h4>How Much Can Caring Transitions Franchise Owners Make?</h4>According to the brand’s 2022 Item 19, the average gross revenue for the 186 Caring Transitions franchisees in operation for the entire year of 2021 came in at $278,658.52, with the highest gross revenue being $2,571,645.75 and the lowest being $14,199.28. The average profit margin was 60% and, of the reporting franchise owners, 44% attained or surpassed the average gross revenue systemwide.&nbsp;<h4>How Much Does It Cost to Open a Caring Transitions?</h4>According to Item 7 of the brand’s 2022 Franchise Disclosure Document (FDD), the estimated total investment necessary to begin operation of a Caring Transitions is between $58,912–$82,712. This includes:<img src="https://lh6.googleusercontent.com/zYtpzgwklRhwjwhOKMdWn3YmyKEs-qajH_CSDGGZzCWBxDFJ9e9huBQl5LjFBUZ4y7STQeswUPPRvVvHnzBdknPoz9ujUgr98AQV9STxVi4uXczeqLcPjAK-ksg2TH6AB7HYr5iEydxmJ0HfFC-K9vk"><h4>What Is the Franchise Fee for Caring Transitions?</h4>The initial franchise fee is $44,900, which franchisees can earn back through a&nbsp;<a href="https://www.caringtransitionsfranchise.com/winners-circle/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Winner’s Circle program</a> by hitting a variety of key benchmarks with their business. If the population of your territory is greater than 200,000, you must pay an additional $500 for all or part of every 1,000 people over 200,000.<h4>Who’s On Caring Transitions’s Leadership Team?</h4><ul><li><a href="https://www.linkedin.com/in/ray-fabik-b17a9521?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Ray Fabik, President of Caring Transitions</a></li><li><a href="https://www.linkedin.com/in/james-stapleton-0aa67629?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">James Stapleton, Vice President of Franchising Development</a></li><li><a href="https://www.linkedin.com/in/christopherseman?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Chris Seman, Strategic Franchising President</a></li><li><a href="https://www.linkedin.com/in/joe-lewandowski-822b5011?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-caring-transitions-franchise-costs-fees-profit-and-data-2721674" target="_blank" rel="nofollow">Joe Lewandowski, VP of Operations</a></li></ul><h4>What Helpful Articles Can I Read to Learn More About Caring Transitions?</h4><ul><li><a href="https://1851franchise.com/caringtransitions/how-these-caring-transitions-franchisees-are-helping-clients-move-mountains-2721268">How These Caring Transitions Franchisees Are Helping Clients Move Mountains</a></li><li><a href="https://1851franchise.com/caringtransitions/black-owned-business-highlight-how-these-sisters-are-making-compassionate-connections-with-their-clients-2721247">Black-Owned Business Highlight: How These Sisters are Making Compassionate Connections With Their Clients</a></li><li><a href="https://1851franchise.com/caringtransitions/caring-transitions-closes-out-2022-with-40-new-franchise-signings-sets-itself-apart-in-the-800-billion-senior-care-market-2720789">Caring Transitions Closes Out 2022 with 40 New Franchise Signings; Sets Itself Apart in the $800 Billion Senior Care Market</a></li><li><a href="https://1851franchise.com/caringtransitions/how-caring-transitions-stands-out-in-the-senior-assistance-franchise-category-2720222">How Caring Transitions Stands Out in the Senior Assistance Franchise Category</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.&nbsp;

Caring Transitions | Franchise Costs & Profit Data | 1851 Franchise

1851 Franchise

With in-demand services, non-medical staff and a community-driven approach, the senior transition franchise is a unique investment opportunity in the booming senior space.


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