How Much Does a Senior Care Franchise Cost?

YOUR ESTIMATED INITIAL INVESTMENT

Type of Expenditure Amount Method of Payment When Due To Whom Payment is Made
Initial Franchise Fee (Note 1) $48,000 Lump Sum Upon Execution of Franchise Agreement ComForCare
Travel Expenses for Training $2,100 – $2,600 As Incurred As Incurred Vendors
Real Estate & Expenses – 3 months (Note 2) $1,800 – $2,700 Monthly (Note 2) Landlord
Office Equipment, Backup and Access Fees (Note 3) $1,100 – $2,100 Lump Sum Before Opening Vendors
Computer System (Note 4) $1,500 – $2,500 As Incurred Before Opening Vendors
Signs $100 – $500 Lump Sum Before Opening Vendors
Miscellaneous Opening Costs (Note 5) $1,200 – $5,000 As Incurred As Incurred Vendors
Licensing and Accreditation Fees (Note 6) $0 – $23,000 As Incurred As Incurred Vendors
Human Resource Fees (Note 7) $500 – $1,000 As Incurred As Incurred Vendors
Insurance – 3 months (Note 8) $3,000 – $8,000 As Incurred As Incurred Vendors
Office Supplies (Note 9) $1,000 – $2,000 As Incurred As Incurred Vendors
Local Marketing and Advertising – for 3-6 Months (Note 10) $5,250 – $14,500 As Incurred As Incurred Vendors or ComForCare
Recruiting Expenses – 3 Months (Note 11) $600 – $2,000 As Incurred As Incurred Vendors
Additional Funds – 3 to 6 Months (Note 12) $20,800 – $48,100 As Incurred As Incurred Various
Total (Note 13) $86,950 – $162,000

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