My Elder franchise: cost, fees and total investment
Short answer: The My Elder franchise fee is $59,500 and the total initial investment ranges from $72,250 to $118,600, with about $15,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the My Elder FDD.
What are the My Elder franchise fees and investment?
The My Elder franchise requires a franchise fee of $59,500 and a total initial investment of $72,250 to $118,600. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $59,500 |
|---|---|
| Total initial investment (FDD Item 7) | $72,250 to $118,600 |
| Minimum liquid cash | $15,000 |
| US locations | 6 |
| Industry | Healthcare & Senior Care (Home & Senior Care) |
| Headquarters | Jersey City, New Jersey |
| Founded | 2020 |
| Franchising since | 2020 |
How does the My Elder investment compare with other healthcare & senior care franchises?
My Elder's minimum investment of $72,250 is at or below the median minimum investment of $121,525 across the 182 healthcare & senior care franchises in the SelectFranchiseList database. 146 of the other 180 brands in this industry start at a higher investment. Its franchise fee starting at $59,500 compares with an industry median of $49,500.
What should you verify in the My Elder FDD?
Verify six parts of the My Elder Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether My Elder discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to My Elder?
These healthcare & senior care franchises have the closest minimum investment to My Elder:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| ComForCare | $29,500 to $59,000 | $72,975 to $163,925 |
| Caring Transitions | $53,900 | $70,760 to $117,150 |
| Assisted Living Locators | $49,900 | $74,635 to $94,510 |
| Seva Senior Home Care Services | $0 to $25,000 | $75,000 to $113,000 |
| Oasis Senior Advisors | $40,000 to $80,000 | $67,589 to $113,739 |
See every brand in healthcare & senior care franchises.
Frequently asked questions
How much does a My Elder franchise cost?
The total initial investment for a My Elder franchise ranges from $72,250 to $118,600, including a franchise fee of $59,500, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a My Elder franchise?
My Elder lists a minimum of about $15,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many My Elder locations are there?
My Elder reported 6 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has My Elder been franchising?
My Elder started offering franchises in 2020 after the company was founded in 2020.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. My Elder and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by My Elder. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.