Retirement Income Source franchise
2023 filing · April 18, 2023Growing
Retirement Income Source at a glance
An investment management and retirement planning practice serving clients approaching or in retirement. At the end of 2022 there were 32 Retirement Income Source locations in the US, 31 franchised and 1 company-owned.
The business
- Industry
- Business services
- Franchisor
- Retirement Income Source, LLC
- The company that sells the franchises
- Franchising since
- 2019
- 4 years of selling franchises
- Franchisor based in
- Fort Lauderdale, Florida
What you pay
- Cost to open
- $100K–$226K
- Fee, build-out and opening working capital
- Franchise fee
- $25,000
- Paid once, when you sign
- Royalty
- None
- No royalty. Owners pay software subscriptions of about $150 to $250 a month directly to the supplier
- Agreement length
- 5 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2022
- 32
- Franchised and company-owned
- Franchised
- 31
- Company-owned
- 1
- Change in 3 years
- +10
- Franchised locations, 2020–2022
- States
- 18
- Most in Florida, California and Connecticut
From Retirement Income Source, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Retirement Income Source among all franchises with the same figure.
| Figure | Retirement Income Source | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $162,950 | Costs less than 75% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| US locationsFranchised and company-owned | 32 | More than 57% of franchises |
How much a Retirement Income Source franchise costs
Opening one Retirement Income Source costs an estimated $100,400 to $225,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Retirement Income Source, LLC, 2023 filing, page 1
Retirement Income Source franchise fee
The franchise fee is $25,000. You pay it when you sign the franchise agreement.
Source: Retirement Income Source, LLC, 2023 filing, page 13
Royalty and ongoing fees
| Royalty | No royalty. Owners pay software subscriptions of about $150 to $250 a month directly to the supplier. |
|---|---|
| Software subscription | Currently, $150 - $250 per month |
| Replacement/Additional Training fee | Currently, $1,000 per day |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Retirement Income Source, LLC, 2023 filing, page 14
Other fees as filed, from page 14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Retirement Income Source does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Retirement Income Source, LLC, 2023 filing, page 41
Growth and closures
Share of franchised locations, 2022 / 2020–2022. Typical means the median: half of brands are above it, half below.
| Measure | Retirement Income Source | Typical business services brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −6.1% / +48% | 0% / +3.6% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 12% / 19% | 5.9% / 25% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical business services brand is the median of the 114 brands in business services franchises with three years of counts.
How Retirement Income Source compares
Of the 324 business services franchises on this site, Retirement Income Source is the 201st cheapest to open and the 148th largest by number of locations.
| Figure | Retirement Income Source | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $100K | $77K | $222K |
| Cost to open, high end | $226K | $136K | $477K |
| Franchise fee | $25K | $45K | $40K |
| US locations | 32 | 32 | 21 |
| Shares earnings figures | No | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 27 (+6) | 1 | +6 | 0 |
| 2021 | 33 (+6) | 1 | +6 | 0 |
| 2022 | 31 (−2) | 1 | +2 | −4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Retirement Income Source, LLC, 2023 filing, page 41
Where Retirement Income Source locations are
At the end of 2022, Retirement Income Source had locations in 18 states. The most are in Florida, California and Connecticut.
- Florida6
- California3
- Connecticut3
- Colorado2
- Illinois2
- Ohio2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Florida | 6 | 0 | 6 |
| California | 3 | 0 | 3 |
| Connecticut | 2 | 1 | 3 |
| Colorado | 2 | 0 | 2 |
| Illinois | 2 | 0 | 2 |
| Ohio | 2 | 0 | 2 |
| Tennessee | 2 | 0 | 2 |
| Texas | 2 | 0 | 2 |
| Arizona | 1 | 0 | 1 |
| Delaware | 1 | 0 | 1 |
Source: Retirement Income Source, LLC, 2023 filing, page 42
Who owns Retirement Income Source?
Retirement Income Source franchises are sold by Retirement Income Source, LLC.
From Retirement Income Source, LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Retirement Income Source, LLC, 2023 filing, litigation on page 13, bankruptcy on page 13
Retirement Income Source filings
The figures on this page come from Retirement Income Source, LLC’s 2023 filing, issued April 18, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 18, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
