What is the payment method for the Caring Senior Service franchise fee?
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 is $49,000, which must be paid as a lump sum when the Franchise Agreement is signed. This payment is made directly to Caring Senior Service. The franchise fee covers the initial requirement of computer software and the initial supply of certain forms and materials, including business cards, letterhead, envelopes, brochures, and a management package. This fee is non-refundable.
If a prospective franchisee chooses to sign a Development Addendum for the right to develop within additional territories, they will also pay a Development Fee for each territory reserved. The Development Fee ranges from $20,000 to $60,000 for one to three additional territories and is also paid as a lump sum when the Development Addendum is signed. This fee is also paid to Caring Senior Service. As long as the franchisee enters into a franchise agreement for each reserved territory under the Development Addendum, the Development Fee will be credited towards the Franchise Fee due under the reserved territory's franchise agreement. The Development Fees are also non-refundable.
In addition to the franchise fee, franchisees should be aware of other expenses that will be incurred when starting the business. These include leasehold improvements, equipment, furniture, fixtures, computer systems and office supplies, signage, rent, miscellaneous opening costs, initial marketing/grand opening event, business permits and licenses, initial inventory, a vehicle, branded attire, travel and living expenses while training, and additional funds for the first three months of operation. These expenses are typically paid as agreed or as incurred to various suppliers, contractors, landlords, utility companies, insurance companies, attorneys, accountants, airlines, hotels, and restaurants.