Does the Caring Senior Service Development Addendum change the initial franchise fee?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
reement.
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- Section 5.1 of the Franchise Agreement is hereby deleted and replaced with the following:
- "5.1 Initial Franchise Fee: In consideration of the grant of this franchise, you shall pay to us a non-recurring initial franchise fee for the franchise hereunder in an amount equal to Twenty Two Thousand and Five Hundred Dollars ($22,500). The initial franc
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 Caring Senior Service Franchise Disclosure Document, the Development Addendum can change the initial franchise fee. The standard initial franchise fee is $49,000; however, the Development Addendum can amend this amount.
Specifically, the Development Addendum includes a clause that replaces Section 5.1 of the Franchise Agreement, which pertains to the initial franchise fee. The addendum states that the initial franchise fee will be $22,500 instead of the standard $49,000. This change is applicable when the franchisee is converting a pre-existing, independent business into a Caring Senior Service franchise.
For prospective Caring Senior Service franchisees, this represents a significant reduction in the upfront costs associated with starting the franchise. However, it's important to note that this reduced fee may only apply to franchisees who meet specific criteria, such as converting an existing business. Franchisees should carefully review the Development Addendum and discuss the specific terms and conditions with Caring Senior Service to determine their eligibility for the reduced initial franchise fee.