Retirement Income Source Franchise FDD, Profits & Costs (2025)
Founded in January 2019 by David J. Scranton, Retirement Income Source® is a national network of franchised financial advisors committed to helping people build financial security throughout their retirement. The company operates from its headquarters at 500 West Cypress Creek Road, Suite 250, in Fort Lauderdale, Florida.
The brand focuses on income-based investment strategies designed to safeguard savings while producing consistent streams of interest and dividend income.
Its wide range of services covers retirement and financial planning, strategies to reduce taxes, maximizing Social Security benefits, estate planning, investment and asset management, risk management, and professional portfolio oversight.
What truly differentiates Retirement Income Source® is its signature “Income Model” approach. By prioritizing fixed-income assets such as bonds, the model provides retirees with reliable income while minimizing the risks tied to stock market fluctuations, resulting in a more stable and secure financial outlook.
Initial Investment
How much does it cost to start a Retirement Income Source franchise? It costs on average between $100,000 – $226,000 to start a Retirement Income Source franchised facility.
This includes expenses related to office setup, technology systems, professional licenses, training, and initial working capital. The total investment will vary based on factors such as the size and location of the office, local market conditions, and whether the franchisee decides to lease or purchase office space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $25,000 |
| Rent and Lease Security Deposit | $10,000 – $30,000 |
| Utilities | $3,000 – $5,000 |
| Leasehold Improvements | $5,000 – $50,000 |
| Market Introduction Program | $20,000 – $30,000 |
| Furniture, Fixtures, and Equipment | $10,000 – $25,000 |
| Computer Systems | $1,000 – $3,000 |
| Insurance | $1,400 – $2,500 |
| Signage | $500 – $5,000 |
| Office Expenses | $500 – $1,000 |
| Licenses, Fees, and Permits | $1,500 – $3,000 |
| Professional Fees (lawyer, accountant, etc.) | $1,500 – $3,000 |
| Travel, Lodging, and Meals for Training | $1,000 – $3,000 |
| Additional Funds (for first 3 months) | $20,000 – $40,000 |
| Total | $100,400 – $225,500 |
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Frequently Asked Questions
How many Retirement Income Source locations are there?
As of the latest available data, Retirement Income Source has 30 locations in the United States. Out of those, 27 are franchised units and 3 are corporate-owned.
What is the total investment required to open a Retirement Income Source franchise?
The total investment required to open a Retirement Income Source franchise ranges from $100,000 to $226,000.
What are the ongoing fees for a Retirement Income Source franchise?
A Retirement Income Source franchise does not charge a royalty fee, meaning franchisees keep 100% of their gross sales. In addition, there are no ongoing national marketing or brand fund fees required, allowing franchisees to allocate resources more directly toward their own local marketing efforts and business growth.
Who owns Retirement Income Source?
“Retirement Income Source franchise is owned by David J. Scranton, who is the Founder and CEO of the parent entities including Retirement Income Source® LLC and Sound Income Strategies LLC.
Disclaimer
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