Is the Caring Senior Service technology fee payable weekly, bi-weekly, or monthly?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalties1 | 5% of Gross Billings2 or the Minimum Royalty Fee, whichever is greater. | Payable on the second Friday following completion of the two-week billing period | See Note 2 for our definition of "Gross Billings." Royalty Fees and other continuing fees are payable to us by Electronic Funds Transfer ("EFT"). The "Minimum Royalty Fee" amount equals $150 for each two-week period in which Gross Billings are calculated during your first six months of operation and, afterwards, 5% of the applicable Gross Billings Target for each two-week period in which Gross Billings are calculated and as outlined in Item 12. |
| For conversion Franchised Businesses, | |||
| under the terms of a Conversion | |||
| Addendum, we will impose a lower Royalty | |||
| Fee amount and scale up to our standard | |||
| Royalty Fee, however, as the amount of | |||
| sales in the prior business impacts the | |||
| length and type of Royalty Fee scale | |||
| applicable, the interim Royalty Fee amounts | |||
| are determined on a case-by-case basis and | |||
| included in the Conversion Addendum. | |||
| Technology Fee | Currently, $1,045 per month | Payable monthly on the second Friday following completion of the two-week billing period that includes the 1st of the month. | This Technology Fee is in exchange for a continuing license to use the required software in connection with your Business, and also to b |
Source: Item 6 — OTHER FEES (FDD pages 12–17)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the technology fee is currently $1,045 per month. This fee is payable monthly on the second Friday following completion of the two-week billing period that includes the 1st of the month.
This Technology Fee is in exchange for a continuing license to use the required software in connection with your Business. It is important for prospective franchisees to factor this monthly cost into their financial projections. Franchisees should also confirm whether this fee is subject to increase over time, as is common in franchising.
Understanding the payment schedule and what the technology fee covers is crucial for managing cash flow and budgeting effectively as a Caring Senior Service franchisee. Franchisees should ensure they understand what software is included and how it supports their business operations.