Start a Succentrix Business Advisors Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $54K - $65K

Units as of 2024: 35 2.9% over 3 years

Succentrix Business Advisors is a modern, full-service company that helps small businesses with accounting, payroll, bookkeeping, and tax preparation. Succentrix Business Advisors was founded in 2014 and began offering franchises in 2015. It now boasts over 30 locations scattered across the United States.

Why You May Want to Start a Succentrix Business Advisors Franchise

The name Succentrix comes from success, succinct, and concentric. By owning a Succentrix Business Advisors franchise, you may succeed through the clients you help. The cutting-edge cloud-based systems available to franchisees and clients may offer succinct business solutions and results. Also offering the potential added help of the ability to work from home if desired, Succentrix Business Advisors may offer an attractive incentive to owning a franchise.

A Succentrix Business Advisors franchisee could be someone coming from corporate America with the dream of owning their own business or someone just starting in the workforce with a desire to work for themselves. Wherever you come from, the Succentrix Business Advisors business model is designed to help support franchisees in their journey.

With over 30 locations across the United States, there is plenty of space to expand and bring Succentrix Business Advisors to your hometown.

What Might Make a Succentrix Business Advisors Franchise a Good Choice?

An ideal Succentrix Business Advisors franchisee is someone with a passion for helping other entrepreneurs develop skills, experience, and a mindset for growth. As a franchisee, you will help support business professionals by teaching, coaching, and motivating small businesses across the country. With your guidance, small business owners may see themselves become financially secure and confident in their worth and ability to grow and progress.

The Succentrix Business Advisors model may include state-of-the-art, cloud-based software for accounting, payroll, and tax preparation. Succentrix Business Advisors offers ongoing support throughout the setup process and beyond, such as purchasing co-ops, newsletters, online support, lease negotiation, a toll-free line, and marketing support.

Opening a Succentrix Business Advisors franchise may have a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

How To Open a Succentrix Business Advisors Franchise

To be part of the Succentrix Business Advisors team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include royalty fees and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

A typical franchise agreement runs for 15 years, with franchisees able to renew their agreement if they meet the requirements.

After submitting a contact form, you may be ready to schedule a time to talk to a Succentrix Business Advisors representative. After deciding this is the right choice for you, you'll complete a few dozen hours of classroom training to help prepare you to run your own Succentrix Business Advisors.

Company Overview

About Succentrix Business Advisors

Industry	Financial Services
Related Categories	Business Financial Services, Tax Services
Founded	2014
Leadership	Bill Stansbury, CEO
Corporate Address	310 Wood St., #G West Monroe, LA 71291
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since	2015 (9 years)
# of employees at HQ	10
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	35 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Succentrix Business Advisors 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$39,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$53,600 - $64,700
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$50,000 - $100,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$25,000 - $50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$911 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	15 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.

In-House Financing	Succentrix Business Advisors offers in-house financing to cover the following: franchise fee
Third Party Financing	Succentrix Business Advisors has relationships with third-party sources which offer financing to cover the following: franchise fee

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Ongoing
Classroom Training	32+ hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection
Marketing Support	Ad Templates Regional Advertising 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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes