CFOToday Inc.
Accounting, tax & payroll servicesBackground
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.
Franchisor is a privately-held company with 8 employee(s); 8 employee(s) in franchise department.
Franchise Growth
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
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)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 5 days
- At franchisee's location: 1 day
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Internet
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising