CBIZ Divests Franchise Operation

<b></b>
1 min read
Opinions expressed by Entrepreneur contributors are their own.

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

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Related Books

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding