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Updated RecentlyCFO Today vs BookSmarts Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CFO Today vs BookSmarts 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 | $50,000 - $100,000 |
| Franchise Fee | $24,000 | N/A |
| Royalty Fee | Varies | - |
| Advertising Fee | - | - |
| Year Founded | 1989 | 2003 |
| Year Franchised | 1990 | 2003 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $4.8K | - |
Business Experience Requirements |
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| Experience | - | - |
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 | - | - |
| 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 | - | Yes |
| 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 BookSmarts
For those who want to be their own boss and serve clients who need honest, smart people to keep their books straight, let's talk business. Your business. Welcome to the franchise opportunity called BookSmarts Tax & Accounting Services. We provide: * Everything you need in selecting the storefront location you want. * Proven accounting and tax preparation software. * The experienced CPAs who will teach you the method and the methodology. * The marketing tools and support to target and attract customers. You provide: * The passion and a surprisingly low start-up fee. And in a very short time, you're in the business of minding other people's business.BookSmarts is a year-round premiere tax and accounting service utilizing cutting edge systems and processes. We offer the following: VIRTUAL TURNKEY PROGRAM * Total buildout is handled for you! SMART PLAN * A 12-month marketing and advertising program implemented for you! REFUND OPTION * An industry-first option providing a refund of your Franchise Fee after 12 months that includes one full tax season! LOWER INVESTMENT * Under $100K