BooXkeeping logo
Bookkeeping for small and medium businesses

Investment

$53,046

Initial Franchise Fee

$40,000 - $60,000

Units

17

Growth Rate

+240.0%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Financial Services
Founded 2011
Franchising Since 2020
Parent Company BooXkeeping Franchise Inc
Leadership Max Emma, CEO
# of Employees at HQ 24
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Units and Growth Chart

About BooXkeeping

Based in Las Vegas, Nevada, BooXkeeping provides to businesses, mostly small and medium-sized mainly, outsourced bookkeeping services for an affordable price within the United States.

BooXkeeping’s main mission is to make the financial process, including bookkeeping, financial data entry, reporting, and billing, as efficient and easy as possible. The company's primary goal is to bring clients' financial matters to a point where they will be aware of what is going on with their business with little effort. 

Why You May Want To Start a BooXkeeping Franchise

BooXkeeping’s central commitment is to offer capable staff, competitive market pricing, and a quick turn-around process. The company offers multiple services for small and medium-sized businesses. These services include franchise bookkeeping, white label services, and bookkeeping for clients.

BooXkeeping is ideal for goal-oriented franchisees who enjoy dealing with numbers and pay attention to detail. BooXkeeping allows the franchisee to set their own pace backed by a trusted brand and support system.

BooXkeeping franchisees don’t need to have any experience related to the financial field to start a location. However, you may want to hire a few bookkeepers to help your location succeed as you get settled in your new role as a BooXkeeping franchisee.

What Might Make a BooXkeeping Franchise a Good Choice?

Opening a BooXkeeping franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

If awarded a BooXkeeping franchise, franchisees receive a great deal of support from the BooXkeeping brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, local online presence, local marketing, and research. BooXkeeping franchisees may also receive hands-on training and continued support after their franchise location has opened.

It may be a good idea to speak with your attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a BooXkeeping franchise.

How To Open a BooXkeeping Franchise

To be part of the BooXkeeping team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set liquid capital requirements.

As you decide if opening a BooXkeeping franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a BooXkeeping franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement with BooXkeeping, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the BooXkeeping franchising team questions.

Investment Details

Initial Franchise Fee $40,000 - $60,000
Initial Investment $53,046 - $84,046
Net Worth Requirement $100,000
Cash Requirement $50,000
Royalty Fee 10%
Ad Royalty Fee 2%
Technology Fee $249+/mo
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 15% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 40 hours
Classroom Training 40 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Yes
Can this franchise be run part time? Yes
# of employees required to run 0-2
Are exclusive territories available? Yes

Ranking History

BooXkeeping performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where BooXkeeping ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022