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Updated RecentlyCFO Today vs Accountables Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CFO Today vs Accountables including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $24,400 - $40,000 | $19,125 - $22,300 |
| Franchise Fee | $24,000 | $9,900 |
| Royalty Fee | Varies | 990 |
| Advertising Fee | - | 0 |
| Year Founded | 1989 | 1978 |
| Year Franchised | 1990 | 0 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $4.8K | - |
Business Experience Requirements |
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| Experience | - | An accounting background is not a necessity. However, you should have the ability to handle responsibilities with strong people skills, and have a strong interest in owning and operating a business that is a unique, exciting, and financially rewarding. |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | - | Training topics covered included: 1. Office organization, fixtures & budget 2. Proven advertising and marketing strategies 3. Pertinent product information 4. Computer program orientation 5. Staffing 6. Bookkeeping procedures and business planning 7. Client relations 8. Additional income producing sources and methods |
| 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) | - |
Expansion Plans |
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| 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 Accountables
THIS IS FOR A LICENSEE THIS IS NOT A FRANCHISE Imagine the opportunity of owning your own business in a prestigious and respected profession where everyone is a potential client! LOOK NO FURTHER....IT'S HERE! The ever changing guidelines, combined with the clients fears of doing their own taxes, create an enormous market. However, unlike most tax preparation business that are just seasonal, Accountables does not stop there! Offering Personal Financial Planning and Small Business Bookkeeping services ensures you that your business will be strong year round. The market for Accountables consulting and tax preparation services is almost unlimited, and has proven to be marketable to almost everyone and any small business operation. Perhaps best of all, under our system, is the fact that you have not only the freedom of owning your own business, but the advantage of being part of a larger support organization. The professionals at Accountables have over 45 years of accounting, Financial, Tax, and Business experience. No problem is too big or too small. Contact Us: 703-494-6215 The Opportunity Since 1979, Accountables unique concept for quality service has been satisfying clients.Accountables offers such services as Tax Preparation, Personal Financial Planning, Small Business Bookkeeping and more. The demand for quality professional services and Accountables methods to provide those services gives you the distinct advantage of owning a proven business concept. We provide you with proven strategies and practices which help reduce the risk and hazards of independent ownership and we remain available to assist you to ensure success over the long haul. In short, you will benefit tremendously in the dynamic, ever growing, lucrative, and highly rewarding profession through a healthy affiliation with Accountables.