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Updated RecentlyCFO Today vs ReliaKeep Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CFO Today vs ReliaKeep 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 | $36,800 - $44,000 |
| Franchise Fee | $24,000 | $30,000 |
| Royalty Fee | Varies | 8% |
| Advertising Fee | - | 2% |
| Year Founded | 1989 | - |
| Year Franchised | 1990 | - |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 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 | - | franchisees will receive 5 days of training at corporate headquarters. |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Social Media (Meetup.com, LinkedIn.com, etc.) Business Seminars Direct Mail Telemarketing Company Website Internet pay-per-click Newsletters Brochures Networking Events Professional Printed Materials Media 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) | Franchise can be started part-time and home-based. No experience is necessary. |
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 ReliaKeep
NO LONGER FRANCHISING
Prepared. Sensible. Bookkeeping. Autonomous organization bookkeeping is a multi-billion dollar, withdraw safe industry. Associations are required to keep exact books of record, as required by the IRS and for obligation detailing purposes. Distinctive focal points of bookkeeping are better cash related organization and help in searching for outside financing from banks and diverse examiners. Franchisees will offer negligible exertion bookkeeping organizations to private endeavors, concentrating on and considering autonomous organizations from start-up to $2 million a year in yearly arrangements. This measurement addresses 95% of all associations in America. Franchisees may perform bookkeeping organizations in-house, using QuickBooks programming, or may outsource to a pre-picked key associate. Franchisees will in like manner offer and give QuickBooks setup, planning, and reinforce organizations. Franchisees may in like manner offer appraisal game plan, open bookkeeper, and some different organizations supported by the Franchisor. Industry Focus Retail Automotive Manufacturing and Distribution Construction Healthcare Real Estate Professional Services Non-Profit Insurance Restaurant Music and Entertainment Agriculture Many Other Industries We have scratch collaborations with outsource bookkeeping associations. Franchisees may perform bookkeeping organizations in-house, or may outsource the organizations, whichever it picks. Generously note QuickBooks setup, get ready, and reinforce must be performed in-house by franchisee, or by franchisee's readied staff.