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BookKeeping Express

2014 Franchise 500
#387
At a Glance

Products & Services: Bookkeeping

Number of Locations: 50

Total Investment: $39.4K - $55.1K

Founded: 1984

Began Franchising: 2008

About BookKeeping Express

BookKeeping Express (BKE) was started in 1984 to offer small business owners virtual assistance with bookkeeping and payroll and other back-office tasks. The business model was licensed initially, and grew to over 150 licensed locations throughout the U.S. In 2007, BKE was purchased by Greg Jones, Bob Stocker and Merritt Green, who moved the company headquarters to Virginia and began franchising the model in 2008.

Franchise Units

Year U.S. Canadian International Company Owned
2013 45 2 0 3
2012 36 3 0 2
2011 29 3 0 1
2010 22 2 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $39,350 - $55,050
Franchise Fee: $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
Franchise can be run from home. Absentee ownership of franchise is allowed..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Ad slicks, National media, Regional advertising,
Other marketing support: Full marketing program

Franchise Ranking History

Franchise 500®: #387 (2014), #347 (2013), #405 (2012),
Low-Cost: #68 (2014), #60 (2013), #88 (2012),
Top New: #22 (2013), #39 (2012),
Top Home-Based: #100 (2013),

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