Description: Take control of your future with Caring Transitions, a franchise that can help provide the freedom, income and lifestyle you’ve wanted for yourself and your family. Opportunities: Franchises available throughout the United States and Canada. Business Type: Franchise. Minimum Cash Required: $49,799. Financing Assistance: Yes, through a third party. Training Provided: Yes. Home-based: Yes. SBA-Approved: Yes.
Caring Transitions Franchise Video
We offer $2,000 off the initial franchise fee for qualified, honorably discharged veterans.
Interview with Christopher Seman, President of Caring Transitions
Our loved ones deserve the best. As those closest to us prepare to move to the next chapter in their lives, providing the support they need can be daunting. Caring Transitions has developed a multi-profit centered business that offers total coverage for seniors, whether rightsizing, aging in place, or cleaning out an estate. Unlike other senior care businesses that primarily focus on one area of the transitions market, such as move management, organizing, or estate sales, Caring Transitions is a one-stop-shop for comprehensive solutions to the overwhelming tasks families face when nevigating this process. Since 2006, Caring Transitions franchisees have combined passion with purpose in this truly rewarding industry where you are your own boss.
In this Success Story Interview, we catch up with Christopher Seman, President of Caring Transitions. Christopher has played a vital role in the growth of Caring Transitions to emerge as a nationally-recognized brand with a commitment to its franchisees. Read on to learn about what it's like in the day of a franchisee, why this in-demand business is growing rapidly and how innovation keeps the franchise ahead of the competition.
Can you tell us a little about the history of Caring Transitions and your role?
Caring Transitions started franchising in 2006 – I came aboard in 2012 to lead the next phase of growth and development for the company. Caring Transitions was created based on the experiences our Founder had in the senior care industry where when the clients needed to move their relatives into a higher level of care they were overwhelmed by all that they had to do and primarily what to do with all the stuff? From that seed Caring Transitions was sprung.
Why is providing senior transition services a good industry for a prospective franchisee?
Not only is the senior market very strong and growing the baby boom generation is coming of age where downsizing is attractive and often necessary. This huge wave of seniors means that the market is not only growing but will see substantial growth through 2030 based on current demographics. The market is already there and the future growth is tremendous.
How competitive is the industry? How does Caring Transitions set itself apart from the competition?
The market is still primarily composed on individual businesses who focus on one area of the transitions market, such as move management, organizing, or estate sales. Caring Transitions utilizes all these services to offer a one stop shop to help the client achieve their objectives, and can use liquidations proceeds to offset out of pocket costs, removing the stress of moving and planning during this often difficult time. And all of our clients have access to our state of the art national online auction platform that opens their liquidation items to the largest possible audience.
What can you tell us about the day-to-day experiences of those running a Caring Transitions franchise?
It is people intensive – networking partners, clients, and employees who are all extremely positive people who love helping others. Day to day you will be meeting and getting to know people who excel with passion and you will use your management and organizing skills to drive results for your clients.
How long does it typically take for a franchisee to get their business up and running?
With training and planning the business can be open in 21 days – on average from date of commitment you can be open clients in 90 days.
What has been the biggest challenge Caring Transitions has faced? How did you overcome it?
The biggest area is that Caring Transitions entered a brand new industry and many people didn’t know that a solution such as this existed. By being consistently in the Marketplace, actively communicating to the national partners, and growing our brand across the country we continue to grow that awareness and help people solve an overwhelming problem.
What are some trends to keep an eye out for within your industry segment?
The trend in senior housing as the market need for senior house continues to grow where will the senior who wants / needs to downsize go? With longer waiting lists to enter senior based communities for in home solutions to make the home accessible and safe for the senior will be a huge issue / opportunity.
What type of area is best equipped to support a Caring Transitions franchise?
Those areas that have at least an average amount of population with Seniors compared to the rest of the United States.
What’s the biggest mistake you see from your incoming franchisees? How can it be avoided?
The biggest mistake is getting so involved in the first few clients that they reduce their networking and outreach activities which can create a large gap between clients. You need to work your marketing plan that is laid out for you and carve time each and every week even when you have a client.
How would you describe the senior care market for franchises right now?
Senior focused businesses are booming for the simple reason that with the increase in aging population, people need solutions to problems that they have never faced before. Whether Rightsizing, aging in place, or cleaning out an estate the need for services has never been higher and is continuing to grow.
What’s next for Caring Transitions in terms of future growth?
Caring Transitions is launching our new State of the Art Online Auction platform to reduce labor costs to manage these projects. You are exposing your client’s items to a worldwide audience and saving costs by reducing the work needed to post items. This exposure and savings will improve returns for both the clients and the Caring Transitions franchise owner. This is critical as more and more buying and selling are taking place online. We have seen tremendous growth on our current platform and are very excited about continuing the success with our new customer friendly platform.
Is there anything else you would like to share?
Caring Transitions is filled with wonderful people who share a passion for helping others combined with a dedication to quality and service that has allowed us to take a brand new concept and expand it nationally. It is a business where not only do you make money you get to do good works for others. The best of both worlds in a growing and dynamic market.
GREAT! WHAT'S MY NEXT STEP?
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