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CFOToday
Accounting, tax, payroll and financial services franchise, offering services to small business clients. Reports they can understand and use, professional services at affordable prices.
Franchisor Background
Year Established: 1989Franchising Since: 1990
Operating Units: Franchised Units: 111 99.1% Company-Owned Units: 1 0.9% ______ _____ Total Operating Units: 112 100% Geographic Distribution: U.S.: 100 47.2% In 37 States Canada: 112 52.8% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 212 100% North America: States/Provinces with the largest number of operating units: Density Units 1. California 0 2. Florida 0 3. North Carolina 0
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Virginia, Washington, Wisconsin, District Of Columbia, Alberta Financial Requirements
Investment: Minimum Net Worth: $ Cash Investment: $24.4-37.4K Total Investment: $40-424K Average Total Investment: $232K Fees: Initial Franchise Fee: $24K Average Franchise Fee: $24K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 2%
Average Number of Employees: 1 Full-time, 0 Part-timeSpace Needs (in square footage): 400Preferred Sites: Other Sites: OBEncourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 7 Site Selection Assistance? Not Applicable Lease Negotiation Assistance? No Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Not Applicable Central Purchasing: Not Applicable Field Operation Evaluation: At Additional Cost Field Training: Included in Fees Initial Store Opening: Not Applicable Inventory Control: Not Applicable Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Not Applicable Training: 1. Tallahassee, FL 5 Days
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 3 General Business Experience: 5 Specific Industry Experience: 5 Formal Education: 3 Psychological Profile: 2 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: 3 Asian-American: 4 Hispanic: 2 Native American: 0 Other: 3 Specific Minority: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Allowed Area Development Agreements? No Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 10
U.S.: Yes, All United States Canada: Yes, All Canada Overseas: No
