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Retirement Income Source

Retirement Income Source

Retirement Income Source franchises provide full-service, fee-based investment management and advisory services to retirees and soon-to-be retirees over age 50, focusing on conservative income-generating investments. Franchisees offer products including mutual funds, ETFs, stocks, bonds through affiliate Sound Income Strategies (SIS), and fixed insurance products through affiliate The Advisor’s Academy (AA), with three classes of franchisees offering varying integration levels with these affiliates. The business model emphasizes compliance with securities and insurance regulations, targeting a well-developed market for retirement services.

Since 2019ServicesFort Lauderdale, FLSound Income Groupwww.retirementincomesource.com
2024 FDDNo Item 19

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$100,400 - $225,500
Franchise Fee
$25,000
Locations
29

Financial Requirements

Franchise Fee$25,000
Initial Investment Range$100,400 - $225,500
Royalty Rate0.00%
Brand Fund0.00%
Fixed Monthly Fees$150 - $10,250

0% royalty + 0% ad fund + $150-250/mo software + $10,000/mo service fee (Class 3 only)

Franchise Stats

Franchise Locations29
Corporate Locations2
States Operating21
Franchising Since2019
FDD Year2024

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How Retirement Income Source Compares to Other Business Services Franchises

FranchiseInvestment RangeFranchise FeeRoyaltyLocations
Retirement Income Source
Current
$100K - $226K$25K0.0%29
Bimbo Foods Bakeries Distribution, LLC$14K - $607KN/AN/A6,454
THE UPS STORE (TRADITIONAL)$216K - $609K$30K5.0%4,500
JACKSON HEWITT TAX SERVICE$71K - $105K$25K15.0%2,744
CRUISE PLANNERS$2K - $21K$11K3.0%2,655
SERVPRO (UNIT)$259K - $380K$100K10.0%2,286
Business Services Average
187 franchises
$118K - $285K$46K10.4%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States by Outlet Count
1FL
6
2CA
3
3IL
2
4TN
2
5OH
2
6TX
2
7IA
1
8KY
1
9LA
1
10MN
1
11SC
1
12AL
1
13AZ
1
14CO
1
15CT
1

+5 more states

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases0

No litigation involving franchisees reported in the FDD.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
2
Non-Renewals
0
Reacquired by Franchisor
0
Ceased Operations (Other)
0
System Transfers
1
Sold to Franchisees
0
Projected New Franchises
3

Frequently Asked Questions

How much does it cost to open a Retirement Income Source franchise?

The total initial investment to open a Retirement Income Source franchise ranges from $100,400 to $225,500. This includes a franchise fee of $25,000. Ongoing royalty fees are 0.0% of gross sales.

How many Retirement Income Source franchise locations are there?

As of the 2024 FDD, Retirement Income Source has 29 franchise locations. The company has been franchising since 2019.

Is Retirement Income Source a good franchise to buy?

Whether Retirement Income Source is a good franchise investment depends on your personal goals, available capital, and local market conditions. We recommend reviewing the full FDD, speaking with existing franchisees listed in Item 20, and consulting with a franchise attorney before making a decision.

Interested in Retirement Income Source?

Talk to a franchise advisor to get personalized guidance and learn if Retirement Income Source is the right fit for you.

Talk to an Advisor