What is the non-recurring initial franchise fee for a Caring Senior Service franchise?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
anchise 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 Forty-Nine Thousand Dollars ($49,000), unless this amount is otherwise amended in Exhibit A of this Agreement. The initial franchise fee shall be deemed to have been fully earned by us upon execution of this Agreement and is not refundable.
5.2 Royalty Fee
You agree to pay us a non-refundable royalty ("Royalty Fee") equal to five percent (5%) of your Gross Billings or the Minimum Royalty Fee, whichever amount is higher, payable every two (2) weeks as described in subparagrap
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 Caring Senior Service FDD, the standard initial franchise fee is $49,000. This fee is non-recurring, meaning it is paid only once when the franchise agreement is signed. Caring Senior Service considers this fee fully earned upon the execution of the franchise agreement, and it is non-refundable. This implies that regardless of whether the franchisee successfully launches their business, the initial fee will not be returned.
However, the standard initial franchise fee may be amended as detailed in Exhibit A of the Franchise Agreement. In some cases, the initial franchise fee may be different. Specifically, the FDD mentions an addendum that could modify the initial franchise fee.
In one instance, Section 5.1 of the Franchise Agreement is deleted and replaced, resulting in a reduced initial franchise fee of $22,500. This modification suggests that under certain conditions, such as an incentive program, a franchisee might pay a lower initial fee. It is important for prospective franchisees to check Exhibit A of the Franchise Agreement to determine the exact initial franchise fee applicable to their specific situation and whether they qualify for any reductions or incentives.