Jovie vs New Life Assisted Living
Franchise Comparison 2026
Both Jovie and New Life Assisted Living are senior care franchises. Jovie requires an investment of $124K – $193K while New Life Assisted Living requires $110K – $202K. FranchiseVerdict rates Jovie B (Above average) and New Life Assisted Living B (Above average).
| Metric | Jovie | New Life Assisted Living |
|---|---|---|
| Verdict Grade | BAbove average | BAbove average |
| Investment Range | $124K – $193K | $110K – $202K |
| Franchise Fee | $50K | $35K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | N/A | N/ANo Item 19 representation |
| SBA Charge-Off Rate | N/A | N/A |
| Total Units | 182 | 5 |
| Unit Growth (YoY) | -3 units | +0 units |
| Year Began Franchising | 2005 | 2024 |
| FDD Year | 2025 | 2025 |
Investment Range
$124K – $193K
$110K – $202K
Franchise Fee
$50K
$35K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
N/A
N/ANo Item 19 representation
SBA Charge-Off Rate
N/A
N/A
Total Units
182
5
Unit Growth (YoY)
-3 units
+0 units
Year Began Franchising
2005
2024
FDD Year
2025
2025