
Flaherty Solutions
Bookkeeping and accounting services- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$51K - $68K
- Units as of 2020
-
5 400.0% over 3 years
Flaherty Solutions is a financial bookkeeping service employing experts to provide up and coming business owners with an understandable, accurate, and deep understanding of their financial positions. Business owners may be able to leave the accounting work to Flaherty Solutions while focusing on their business's growth.
Founded in 2012 by Erin Flaherty, the brand has become a full-fledged business. It began to franchise in 2019, and has since opened multiple units nationwide. Flaherty Solutions offers QuickBooks audit services, sales and use tax filing, monthly bookkeeping, and 1099 e-file services.
Why You May Want to Start a Flaherty Solutions Franchise
Flaherty Solutions' central goal is to deliver high-quality services to all its clients. Flaherty Solutions seeks potential franchisees who will maintain its reputation and have the same ambition to explore various demographics that fit its business model.
In addition to that, an ideal franchisee should have strong social and marketing skills and high levels of credibility. They should be self-driven, organized, and have good time management skills. Being technologically savvy may be an added advantage.
Opening a Flaherty Solutions 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.
What Might Make a Flaherty Solutions Franchise a Good Choice?
Many small and medium businesses do not have the knowledge and resources to help manage their taxes, data, and the required financial information. Flaherty Solutions may bring a new business perspective that fills the market demand with quality bookkeeping services and support. The franchise understands that exemplary customer satisfaction and ever-improving services are what improve customer loyalty. Franchisees are responsible for managing the business, hiring qualified employees, and implementing policies.
To be part of the Flaherty Solutions 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 royalty fees and advertising fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Flaherty Solutions Franchise
If awarded a franchise, franchisees receive a great deal of support from the Flaherty Solutions brand throughout the process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Flaherty Solutions franchisees also receive hands-on training and continued support after their franchise location has opened.
Before making any financial commitment or signing an agreement, 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 Flaherty Solutions franchising team various questions.
Also, ensure that you carry out research in your local area and see if Flaherty Solutions would do well with your local small and medium business owners. A typical franchise agreement runs for five years. Franchisees may be allowed to renew their agreement if they meet the Flaherty Solutions requirements.
Company Overview
About Flaherty Solutions
- Industry
- Financial Services
- Related Categories
- Business Financial Services
- Founded
- 2012
- Leadership
- Erin Flaherty, CEO
- Corporate Address
-
209 West St.
Annapolis, MD 21401
Business Overview
- Franchising Since
- 2019 (2023-2019 years)
- # of employees at HQ
- 6
- # of Units
- 5 (as of 2020)
Information for Franchisees
Here's what you need to know if you're interested in opening a Flaherty Solutions franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $40,000
-
Initial Investment
Information Circle - $50,600 - $67,600
-
Net Worth Requirement
Information Circle - $100,000 - $1,000,000
-
Cash Requirement
Information Circle - $50,000 - $300,000
-
Veteran Incentives
Information Circle - 10% off franchise fee
-
Royalty Fee
Information Circle - 7%
-
Ad Royalty Fee
Information Circle - 3%
-
Term of Agreement
Information Circle - 5 years
- Is franchise term renewable?
- Yes
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 15 hours
- Classroom Training
- 8 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline Support
- Marketing Support
-
Social MediaWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - Yes
-
Can this franchise be run part time?
Information Circle - Yes
- # of employees required to run
- 3-7
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Flaherty Solutions? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Flaherty Solutions landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Flaherty Solutions.

Hommati
- description
- 3D tours, aerial videos, photography, augmented reality, and other services for real estate agents
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
How to Harness the Power and Money of a Crowd Through Crowdfunding
You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.
Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen
Jamie West was just 12 years old when she ran away from the foster care system.
Franchise Ownership Made Easy: Best Practices for Managing and Growing Your Business
Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level.
Florida Burger King to Pay $8 Million to Customer Who Slipped and Fell in Restaurant Bathroom
The case marks one of the largest slip-and-fall verdicts in Florida's history.
6 Things to Consider When Getting Out of a Franchise Agreement
Want to get out of your franchise agreement? Here are six things to consider
7 Essential Questions to Ask Yourself Before Starting a Franchise
Starting a franchise requires a hard look in the mirror to decide if you really have the makeup to become an entrepreneur. Start by reflecting on yourself and your goals with these questions.