CFOToday Inc.

Accounting, tax & payroll services

Background

Founded: 1989 Franchising since: 1990
John Harrison felt that many small businesses were failing because they couldn't afford accountants, so he began providing "professional services at bookkeeper's rates." In 1989, Harrison established Accountant's Choice, which has since changed its name to CFO Today.

Franchising started in 1990, and there are now locations across the United States offering accounting services to local small businesses.

545 E. Tennessee St.
Tallahassee, Florida 32308

Phone:
(850)681-1941/ (850)681-1941

Franchisor is a privately-held company with 8 employee(s); 8 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	108	3	0	1
2007	125	2	0	1
2006	135	2	0	1
2005	175	2	0	1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Costs and Fees

Total investment: $24.4K-40K
Franchise fee: $24K

Ongoing royalty fee: to 8%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Business Experience:

General business experience

Operations

Franchise can be run from home
20% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)