What is the Caring Senior Service Development Fee for?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Paid | |---|---|---|---|---| | Development Fee1 | $20,000 to $60,000 (for one to three additional Territories) | Lump sum | When you sign the Development Addendum | Us | If you sign the Development Addendum, then in addition to your estimated initial investment described above, you will pay us a Development Fee for each Territory you reserve under the terms of your Development Addendum.
As long as you enter into a franchise agreement for each reserved Territory pursuant to the terms of the Development Addendum, your Development Fee will be credited towards the Franchise Fee due under the reserved Territory's franchise agreement.
Both the Franchise Fees and Development Fees are non-refundable.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 17–21)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the Development Fee is paid when signing a Development Addendum to reserve additional territories. This fee ranges from $20,000 to $60,000 for one to three additional territories. The Development Fee is paid in a lump sum when the Development Addendum is signed.
This fee secures the rights to develop Caring Senior Service franchises in specific, reserved territories beyond the initial franchise. The Development Fee is non-refundable. However, as long as the franchisee enters into a franchise agreement for each reserved territory under the terms of the Development Addendum, the Development Fee will be credited towards the Franchise Fee due under the reserved territory's franchise agreement.
In essence, the Development Fee acts as a deposit, ensuring the franchisee's commitment to expanding the Caring Senior Service brand within the agreed-upon territories. This arrangement allows Caring Senior Service to plan for growth and allocate resources effectively, while providing the franchisee with the exclusive opportunity to develop multiple locations.