Town Square franchise
2026 filing · April 30, 2026GrowingShares sales figures
Town Square at a glance
An adult day center for people with Alzheimer's and memory loss, set in a 1950s-style town square. At the end of 2025 there were 11 Town Square locations in the US, 10 franchised and 1 company-owned.
The business
- Industry
- Health and wellness
- Franchisor
- TOWN SQUARE FRANCHISING LLC
- The company that sells the franchises
- Franchisor based in
- Perry Hall, Maryland
What you pay
- Cost to open
- $893K–$1.52M
- Standard model
- Franchise fee
- $99,500
- Paid once, when you sign
- Royalty
- 7%
- 7% of gross sales, paid monthly
- Brand fund
- 1%
- 1% of gross sales
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2025
- 11
- Franchised and company-owned
- Franchised
- 10
- Company-owned
- 1
- Change in 3 years
- +5
- Franchised locations, 2023–2025
- States
- 7
- Most in New Jersey, Florida and Georgia
From TOWN SQUARE FRANCHISING LLC’s 2026 filing; revenue and net loss from its audited financial statements, page 162; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Town Square among all franchises with the same figure.
| Figure | Town Square | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,205,985 | Costs more than 86% of franchises |
| Franchise feePaid once, when you sign | $99,500 | Higher than 98% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 11 | Fewer than 60% of franchises |
| Sales per locationYearly, as the brand reports it | $1,054,703 | Higher than 65% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 0.9× | Lower than 85% of brands that share sales figures |
How much a Town Square franchise costs
Opening Standard model costs an estimated $893,000 to $1,518,970. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, page 22
Town Square franchise fee
The franchise fee is $99,500. You pay it when you sign the franchise agreement.
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, page 15
Royalty and ongoing fees
| Royalty | 7% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | 1% of gross sales. |
| Transfer Fee | $25,000.00 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, page 16
Other fees as filed, from page 17. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Town Square publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average revenue
- $1,054,703
- Median revenue
- $740,044
Yearly figures for 2025, covering franchised centers open at least 12 months at the end of 2025 (company center left out) (8 locations). The average and median are worked out from each location's sales as listed in the filing. The average is about 0.9 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, pages 58–59
SBA loans to Town Square franchisees
Lenders approved 9 SBA 7(a) loans for Town Square franchisees from 2021 to 2026, $17.7M in all. One has been paid in full; none was charged off. The other 8 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2025 / 2023–2025. Typical means the median: half of brands are above it, half below.
| Measure | Town Square | Typical health and wellness brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +25% / +100% | +6.7% / +23% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 6.3% / 29% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical health and wellness brand is the median of the 57 brands in health and wellness franchises with three years of counts.
How Town Square compares
Of the 199 health and wellness franchises on this site, Town Square is the 187th cheapest to open and the 88th largest by number of locations.
| Figure | Town Square | Typical health and wellness brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $893K | $224K | $222K |
| Cost to open, high end | $1.52M | $498K | $477K |
| Franchise fee | $100K | $45K | $40K |
| Royalty | 7% | 6% | 6% |
| Brand fund | 1% | 2% | 2% |
| Sales per location | $1.05M | $711K | $794K |
| US locations | 11 | 10 | 21 |
| Shares earnings figures | Yes | 125 of 199 | 2,147 of 3,352 |
Typical is the median across the 199 brands in health and wellness franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 1 (+1) | 1 | – | – |
| 2022 | 5 (+4) | 1 | – | – |
| 2023 | 7 (+2) | 1 | +2 | 0 |
| 2024 | 8 (+1) | 1 | +1 | 0 |
| 2025 | 10 (+2) | 1 | +2 | 0 |
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.
Over 5 years, from the start of 2021 to the end of 2025, franchised locations went from 0 to 10 (+10). The earlier years come from the brand's 2024 filing.
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, page 62
2021–2022: TOWN SQUARE FRANCHISING LLC, 2024 filing, page 64
Where Town Square locations are
At the end of 2025, Town Square had locations in 7 states. The most are in New Jersey, Florida and Georgia.
- New Jersey4
- Florida2
- Georgia1
- Maryland1
- South Carolina1
- Texas1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New Jersey | 4 | 0 | 4 |
| Florida | 2 | 0 | 2 |
| Georgia | 1 | 0 | 1 |
| Maryland | 0 | 1 | 1 |
| South Carolina | 1 | 0 | 1 |
| Texas | 1 | 0 | 1 |
| Washington | 1 | 0 | 1 |
Source: TOWN SQUARE FRANCHISING LLC, 2026 filing, page 63
Who owns Town Square?
Town Square franchises are sold by TOWN SQUARE FRANCHISING LLC. It is a subsidiary of SH Town Square Franchising, Inc.
From TOWN SQUARE FRANCHISING LLC’s 2026 filing, page 9.
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: TOWN SQUARE FRANCHISING LLC, 2026 filing, litigation on page 15, bankruptcy on page 15
Town Square filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from TOWN SQUARE FRANCHISING LLC’s 2026 filing, issued April 30, 2026; the earlier ones below are on record with the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 30, 2026 | Minnesota | Costs, fees and locations, 2023–2025 |
| 2024 filing | – | Minnesota | Locations, 2021–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
