What is the range for the estimated initial investment for a Caring Senior Service franchise?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Paid |
|---|---|---|---|---|
| Franchise Fee1 | $49,000 | Lump sum | When Franchise Agreement is Signed | Us |
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Paid |
| Leasehold | $0 to $1,000 | As agreed | As agreed | Contractor |
| Improvements2 | ||||
| Equipment, Furniture, Fixtures, Computer Systems and Office Supplies3 | $5,000 to $8,500 | As agreed | As agreed | Us and/or Suppliers |
| Signage4 | $0 to $1,500 | As agreed | As agreed | Us and/or Suppliers |
| Rent5 | $800 to $4,000 | As agreed | As agreed | Landlord |
| Miscellaneous Opening Costs6 | $1,500 to $5,000 | As agreed | As agreed | Utility Companies; Insurance Companies; Attorney or Accountant |
| Initial Marketing/ Grand Opening Event7 | $6,500 to $7,500 | As agreed | As agreed | Approved Suppliers |
| Business Permits and | $0 to $12,100 | As agreed | As agreed | Government |
| Licenses8 | Agencies | |||
| Initial Inventory9 | $0 to $300 | As incurred | As incurred | Suppliers |
| Vehicle10 – 2 months | $400 to $1,000 | As agreed | As agreed | Third Parties |
| Branded Attire | $50 to $250 | As incurred | As incurred | Suppliers |
| Travel and Living Expenses While Training11 | $4,250 to $7,150 | As incurred | As incurred | Airlines, Hotels, Restaurants |
| Additional Funds – 3 | $29,872 to $51,444 | As incurred | As incurred | Suppliers |
| Months12 | ||||
| Total | $97,372 to $148,744 |
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 estimated initial investment for a single-unit franchise ranges from $97,372 to $148,744. This total includes various expenses that a new franchisee can expect to incur when starting the business. These expenses cover a variety of essential components, from the franchise fee to necessary equipment and initial marketing efforts.
The initial investment includes a franchise fee of $49,000. Other significant costs include leasehold improvements (ranging from $0 to $1,000), equipment, furniture, fixtures, computer systems, and office supplies (ranging from $5,000 to $8,500). Additionally, franchisees should budget for signage (ranging from $0 to $1,500), rent (ranging from $800 to $4,000), miscellaneous opening costs (ranging from $1,500 to $5,000), and initial marketing/grand opening event expenses (ranging from $6,500 to $7,500).
Further costs contributing to the initial investment include business permits and licenses (ranging from $0 to $12,100), initial inventory (ranging from $0 to $300), a vehicle for two months ($400 to $1,000), branded attire ($50 to $250), and travel and living expenses while training ($4,250 to $7,150). The estimate also includes additional funds for the first three months of operation, ranging from $29,872 to $51,444, to cover ongoing expenses like payroll and rent until the business becomes self-sustaining. These figures provide a comprehensive overview of the financial commitment required to start a Caring Senior Service franchise.