CFO Today vs American Billing Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of CFO Today vs American Billing including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
CFO Today Franchise
American Billing Franchise
Investment $24,400 - $40,000$14,990
Franchise Fee $24,000N/A
Royalty Fee Varies-
Advertising Fee --
Year Founded 19891987
Year Franchised 19902003
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $4.8K-


Business Experience Requirements

 
CFO Today Franchise
American Billing Franchise
Experience --

Financing Options

 
CFO Today Franchise
American Billing Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
CFO Today Franchise
American Billing Franchise
Training --
Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives-
Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
Operations Franchise can be run from home.

20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 1

Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

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Expansion Plans

 
CFO Today Franchise
American Billing Franchise
US Expansion --
Canada Expansion No-
International Expansion Yes-

Company Overviews

About CFO Today

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.

About American Billing

See American Business Systems