CFOToday Inc.

At a Glance

Products & Services: Accounting, tax & payroll services

Number of Locations: 108

Total Investment: $24.4K - $40K

Founded: 1989

Began Franchising: 1990

About CFOToday Inc.

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.

Franchise Units

Year U.S. Canadian International Company Owned
2011 103 3 1 1
Where Seeking Franchisees: Franchisor is seeking new units internationally.

Startup Costs, Ongoing Fees and Financing

Total Investment: $24,400 - $40,000
Franchise Fee: $24,000
Ongoing Royalty Fee: to 8%
Term of Franchise Agreement: 10 years, renewable

How This Franchise Supports Franchisees

Training: 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,