CBIZ Divests Franchise Operation
Cleveland-Century Business Services Inc. (CBIZ) announced the sale of its franchise operation, Century Small Business Solutions Inc., to Fiducial Triple Check Inc., a privately held California corporation.
Century Small Business Solutions, based in Mission Viejo, California, is the franchisor of a network of approximately 550 franchisee offices that offer accounting services for small businesses. Revenue from Century Small Business Solutions accounted for less than 1 percent of CBIZ's revenue year-to-date. The transaction did not include eight CBIZ-owned franchisee offices. Net proceeds from the sale will be used for debt reduction.
Century Business Services Inc. is a provider of outsourced business services to small and midsized companies throughout the United States. These services are provided throughout a network of more than 200 company offices in 36 states and the District of Columbia. -PRNewswire