When is the Caring Senior Service franchise fee due?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Paid |
|---|---|---|---|---|
| Franchise Fee (for your first Territory) | $49,000 | Lump sum | When you sign the Franchise Agreement | Us |
| 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 |
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 franchise fee of $49,000 is due in a lump sum when you sign the Franchise Agreement. This fee grants you the right to operate a Caring Senior Service franchise in your designated territory. The franchise fee covers your initial computer software, certain forms and materials, including business cards, letterhead, envelopes, brochures, and a management package.
If you choose to expand your territory by signing a Development Addendum, you'll also need to pay a Development Fee. This fee ranges from $20,000 to $60,000 for one to three additional territories and is paid when you sign the Development Addendum. This fee is non-refundable, but it will be credited towards the Franchise Fee due under the reserved territory's franchise agreement, as long as you enter into a franchise agreement for each reserved territory.
Prospective franchisees should note that both the Franchise Fee and the Development Fee are non-refundable. Therefore, it's crucial to conduct thorough due diligence and carefully consider your decision before signing any agreements and paying these fees to Caring Senior Service. Understanding the terms and conditions outlined in the Franchise Agreement and Development Addendum is essential to avoid potential financial risks.