FranchiseVerdict
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FV-00469·STRONGExcellent95

Caring Transitions

OtherFranchising since 2006Website
Investment
$71K – $117K
20th pct Other
Avg revenue
$284K
10th pct Other
Royalty
6.0%
17th pct Other
Units
372
93rd pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $71K – $117K including a $54K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $284K/year (median $203K).
  • Rated STRONG with a risk score of 49/100. SBA loan default rate of 0.0% across 18 loans (below the industry average).
  • System growing at 36.8% CAGR over 3 years with 372 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
C.T. FRANCHISING SYSTEMS, INC
Incorporated in
Ohio
HQ
4755 Lake Forest Drive, Suite 100, Cincinnati, Ohio 45242
Auditor
Clark, Schaefer, Hackett & Co.
Audited financials
Franchisor revenue
$8.3M
vs $9.7M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Caring Transitions unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $284,485
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $71K–$117K
Working capital
$
FDD reports $4K–$38K

Unlevered ROIC · per unit

37%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$43K
EBITDA margin
15.0%
Total invested
$115K
Payback
32 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Caring Transitions units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$455K

on $2.3M purchase

Total debt

$1.8M

SBA $1.1M + senior + seller note

Overview

About

Caring Transitions provides senior move management and estate liquidation services, helping elderly clients downsize, relocate, and liquidate household assets. Franchisees manage the logistics of packing, organizing estate sales, and coordinating moves for aging populations, generating revenue from service fees and commission on asset sales.

CEO
Ray Fabik
Founded
2006
FDD year
2025
States available
45

Item 7 · what it costs

The Vitals

Total investment
$71K – $117K
All-in to open one unit
Liquid capital
$4K – $38K
Cash you must have on hand
Franchise fee
$54K
Royalty
6.0%
Gross Receipts · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$284K
Per unit, per year
Median gross sales
$203K
Item 19 type
Gross Receipts and Profit Percentage
Sample size
253 units
vs category median 20 · large
Range (low → high)
$5K$2.5M
Cohort dispersion
Transparency
4 / 5
vs category median 3 / 5 · above
Revenue rank10th
vs Other peers
Investment cost rank20th
Lower investment ranks lower (better)
Royalty rate rank17th
Lower royalty = lower percentile (better)
Unit count rank93th
vs Other peers
Risk score rank12th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
372
Opened
70
Last reporting year
Closed
8
Turnover rate
2.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+18.5%
Net unit change last year
3-yr CAGR
+36.8%
Compounded over last 3 years
2023
372+58
Franchised units
2024
314
Franchised units
2025
272
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 13 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
18
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

49
Risk · 0-100
STRONG49 / 100

Significant governance and transparency red flags (regulatory litigation, missing financial disclosures) combined with unvalidated unit economics create elevated risk despite apparent growth momentum.

Score breakdown · what drove the 49 / 100 rating

  1. 01HIGHRegulatory litigation from Virginia and California involving undisclosed officer bankruptcies and auditor registration failures, suggesting governance and transparency issues at corporate level
  2. 02MINORNo average net income disclosure (Item 19) despite $284,485 average revenue — unable to validate profitability or actual franchisee earnings
  3. 03MINORHigh franchise fee ($53,900) combined with 6% royalty on gross receipts with no net income data creates earnings opacity and risk of negative ROI
  4. 04HIGHFive disclosed litigations including regulatory actions indicate potential compliance culture problems and ongoing legal exposure for franchisees
  5. 05MINORStrong unit growth (18.5% YoY to 372 units) may reflect recruitment-heavy expansion rather than unit profitability or system health

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Postal Codes
Protected territory
Yes
Initial term
15 years
Renewal term
15 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
5
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Ohio

Item 11

Training & Operations

Classroom training
35 hrs
On-the-job training
0 hrs
POS system
CTBids and QuickBooks Online
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

80 numbers

Locked
(501) 617-••••
Marti Dreamer
AR
(949) 478-••••
Kevin and Jennifer Dixon
CA
(623) 335-••••
Miguel Denga
AZ

One-time purchase · CSV download · Validation questions included

FDD download

Caring Transitions · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above