How much does a Retirement Income Source franchise cost?
Opening a Retirement Income Source franchise takes a total initial investment of $100,400 to $225,500, according to the brand's 2025 Franchise Disclosure Document. That FDD makes no Item 19 financial performance representation, so it discloses no earnings figures at all.
Retirement Income Source franchises an investment management services business for retirees and soon-to-be retirees under the trade name “Retirement Income Source”. Category: Financial Services.
Item 7
What it costs to open a Retirement Income Source franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $100,400 to $225,500. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Leasehold Improvements ($5,000 to $50,000), Additional funds (for first 3 months) ($20,000 to $40,000), and Market Introduction Program ($20,000 to $30,000). Together they make up about 53% of the high-end estimate.
The initial franchise fee is $25,000, about 25% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial franchise fee2025 FDD, Item 7, p. 10 | $25,000 | $25,000 | 2025 FDD, Item 7, p. 10 |
| Rent and Lease Security Deposit2025 FDD, Item 7, p. 10 | $10,000 | $30,000 | 2025 FDD, Item 7, p. 10 |
| Utilities2025 FDD, Item 7, p. 10 | $3,000 | $5,000 | 2025 FDD, Item 7, p. 10 |
| Leasehold Improvements2025 FDD, Item 7, p. 10 | $5,000 | $50,000 | 2025 FDD, Item 7, p. 10 |
| Market Introduction Program2025 FDD, Item 7, p. 10 | $20,000 | $30,000 | 2025 FDD, Item 7, p. 10 |
| Furniture, Fixtures, and Equipment2025 FDD, Item 7, p. 10 | $10,000 | $25,000 | 2025 FDD, Item 7, p. 10 |
| Computer Systems2025 FDD, Item 7, p. 11 | $1,000 | $3,000 | 2025 FDD, Item 7, p. 11 |
| Insurance2025 FDD, Item 7, p. 11 | $1,400 | $2,500 | 2025 FDD, Item 7, p. 11 |
| Signage2025 FDD, Item 7, p. 11 | $500 | $5,000 | 2025 FDD, Item 7, p. 11 |
| Office Expenses2025 FDD, Item 7, p. 11 | $500 | $1,000 | 2025 FDD, Item 7, p. 11 |
| Licenses, Fees, and Permits2025 FDD, Item 7, p. 11 | $1,500 | $3,000 | 2025 FDD, Item 7, p. 11 |
| Professional Fees (lawyer, accountant, etc.)2025 FDD, Item 7, p. 11 | $1,500 | $3,000 | 2025 FDD, Item 7, p. 11 |
| Travel, lodging and meals for initial training2025 FDD, Item 7, p. 11 | $1,000 | $3,000 | 2025 FDD, Item 7, p. 11 |
| Additional funds (for first 3 months)2025 FDD, Item 7, p. 11 | $20,000 | $40,000 | 2025 FDD, Item 7, p. 11 |
| Total estimated initial investment2025 FDD, Item 7, p. 10-11 | $100,400 | $225,500 | 2025 FDD, Item 7, p. 10-11 |
Source Retirement Income Source, 2025 FDD, Item 7, p. 10-11, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What Retirement Income Source franchisees actually report earning
This brand's FDD publishes no Item 19.
“We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet.”
Source Retirement Income Source, 2025 FDD, Item 19, p. 34, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many Retirement Income Source outlets there are, and how many closed
Retirement Income Source ended 2024 with 27 franchised outlets and 3 company-owned outlets. In that year no franchised outlets opened and 1 left the system.
Three years at a glance
From 2022 through 2024, Retirement Income Source opened 2 franchised outlets and 6 outlets left the system. That is a net loss of 4, from 31 to 27 franchised outlets. Of the outlets that left, 6 were terminated.
On average, about 6.7% of franchised outlets left the system each year, roughly 1 in 15.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 28 | 0 | 1 | 0 | 0 | 0 | 27 | 2025 FDD, Item 20, p. 38 |
| 2023 | 30 | 0 | 2 | 0 | 0 | 0 | 28 | 2025 FDD, Item 20, p. 37 |
| 2022 | 31 | 2 | 3 | 0 | 0 | 0 | 30 | 2025 FDD, Item 20, p. 37 |
Source Retirement Income Source, 2025 FDD, Item 20, p. 36-38, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How Retirement Income Source compares with other Financial Services franchises
Measured against the 14 Financial Services franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Retirement Income Source's estimated range is $162,950. It costs more to open than 92% of Financial Services franchises here.
- Outlets leaving each year. 6.7% for Retirement Income Source. That is lower than 71% of the 8 Financial Services franchises with at least 10 outlets.
- Three-year growth. Retirement Income Source's franchised system shrank 13%. The typical Financial Services franchise here shrank 2.6%.
- Earnings disclosure. 4 of the 14 Financial Services franchises here publish earnings figures in Item 19. Retirement Income Source is not one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Financial Services franchise side by side.
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