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Updated RecentlyCFO Today vs ClaimTek Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CFO Today vs ClaimTek 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 | $22,000 - $45,000 |
| Franchise Fee | $24,000 | N/A |
| Royalty Fee | Varies | - |
| Advertising Fee | - | - |
| Year Founded | 1989 | 1993 |
| Year Franchised | 1990 | 1994 |
| 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 | - | At Headquarters At Licensee's Location Manual By Video Online By Phone |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Ongoing Support Newsletter Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support |
| 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) | Business can be run part-time. |
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 ClaimTek
Start a Professional Medical Billing & Practice Management Consulting Service.
The Right Opportunity at the Right Time!
Medoffice Systems and ClaimTek - full scale medical billing business setup. Program includes state of the
art software, marketing , support, training, ongoing support and
professional marketing campaigns to get you started on the right track.
Guaranteed appointments with doctors available.