- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$77K - $103K
- Units as of 2022
-
106 8.2% over 3 years
Supporting Strategies offers a bookkeeping franchise opportunity that sets franchisees up to succeed by striving to make their learning curve a smooth and easy one. Its business model focuses on building a strong, experienced team—one that works to hold a brilliant standard for customer service.
Leslie Jorgensen started Supporting Strategies in 2004 with the goal of becoming the preferred resource for outsourced bookkeeping and controller services. The company began franchising in 2013, growing to become part of Entrepreneur’s Franchise 500 multiple times in recent years. It's added more franchisees who believe in its entrepreneurial spirit and have a passion for helping small to mid-sized businesses succeed. Today, Supporting Strategies has over 100 offices across the United States.
Why You May Want to Open a Supporting Strategies Franchise
Supporting Strategies has been providing solution-based outsourced bookkeeping services and operational support to growing businesses. As a result, its clients get the support they need at a price they can afford, allowing them to focus on growing their business.
The company's skilled, experienced professionals use secure technology and tested processes in their full suite of services. These services include accounts payable, accounts receivable, bookkeeping, financial reporting, and payroll administration. It also allows work at home bookkeeping on a part-time basis for its professionals.
In general, Supporting Strategies offers a solid foundation for new franchisees. The company allows you to run your bookkeeping franchise according to your personal vision, allowing franchisees to understand all the benefits of a tested business model. Additionally, the brand will give you a comprehensive suite of resources, giving you a solid business model and support.
What Might Make a Supporting Strategies a Good Choice?
When you partner with Supporting Strategies, you're investing in a brand name and a proven business model that has worked for many franchisees before you. To be part of the Supporting Strategies team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees, which will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Supporting Strategies has striven to help many franchisees push past the typical hurdles and obstacles that new businesses tend to face. Its model is scalable and structured to provide cost-effective bookkeeping services to clients, and confronts the rollercoaster effects of economics.
The Supporting Strategies system gives you an opportunity to operate your franchise business remotely. This is probably one of the most attractive benefits, especially from a bookkeeping perspective. A home office saves money for franchisees, as they don’t need to waste unnecessary funds on office space.This will give you the potential to keep your overhead relatively low and manageable.
How To Open a Supporting Strategies Franchise
If opening a Supporting Strategies franchise sounds like something you are interested in, start by submitting a franchise inquiry form to schedule a call with someone from their corporate office, which is located in Beverly, Massachusetts. The franchise development team will meet with you to discuss your business plan and the location you're interested in.
After they've answered all your questions, they'll send over the franchise agreement for you to sign if both parties are still interested in a partnership. You and your staff will attend training seminars to make sure you're prepared to open your doors. It will likely take multiple months to make your franchise business operational.
Company Overview
About Supporting Strategies
Industry | Financial Services |
---|---|
Related Categories | Business Financial Services |
Founded | 2004 |
Parent Company | Supporting Strategies Partners |
Leadership | Leslie Jorgensen, CEO & Founder |
Corporate Address |
100 Cummings Center, #207P Beverly, MA 01915 |
Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
Franchising Since | 2013 (11 years) |
---|---|
# of employees at HQ | 20 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 106 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Supporting Strategies franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$60,000 |
---|---|
Initial Investment
|
$76,570 - $103,190 |
Net Worth Requirement
|
$250,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
10% |
Ad Royalty Fee
|
to 2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Supporting Strategies has relationships with third-party sources which offer financing to cover the following: startup costs |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 41 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Supporting Strategies landed on this year's Franchise 500 Ranking versus previous years.
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