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Top Bookkeeping Franchises for 2024
Written by: Patrick Findaro
Last Updated:
August 13, 2023
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Bookkeeping is the method of documenting and tracking the financial transactions of a business. It organizes source documents for all transactions, operations, and other business events. Bookkeepers are responsible for documenting, classifying, and organizing every financial transaction that is made via the course of business operations. In this article, we will discuss the top bookkeeping franchises ranked by unit growth.
Contents
Top 5 Bookkeeping Franchises For 2023
Toro Taxes
Total U.S. Locations |
195 |
Net Unit Growth (3 years) |
113 |
Initial Investment |
$18K-$74K |
Royalty Fees |
10% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Toro Taxes offers options for other services that generate additional revenue streams for franchisees such as bookkeeping services, IRS representation, financial advisory and retirement planning, life insurance, auto insurance, roadside pension, immigration, and more. These are services you can offer in exchange for a percentage of profits. They help every single customer understand how to run their business.
With their proven business model, you won’t have to worry about the wavering chance that comes from having a bookkeeping franchise.
Atax
Total U.S. Locations |
99 |
Net Unit Growth (3 years) |
53 |
Initial Investment |
$64K-$79K |
Royalty Fees |
The royalty fee is the higher of 14% of gross revenues or $5,000 in year one; the higher of 14% of gross revenues or $7,500 in year 2; the higher of 14% of gross revenues or $10,000 in year three and thereafter. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
After starting with $200, 2 computers, and a fax device, the company rose to become one of the best tax course providers in the nation. ATAX Franchise was first founded in 1986 and after that began growing all over the world, especially on the East Coast. ATAX has a wide variety of full-services, national tax preparation, and business services franchises. They strive to have a uniform client experience, and service across the country. They have an established business model and procedure for success that led ATAX to manage one of the largest self-supported tax practice businesses in the country.
Payroll Vault
Total U.S. Locations |
63 |
Net Unit Growth (3 years) |
8 |
Initial Investment |
$39K-$63K |
Royalty Fees |
6% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Headquartered in Greenwood Village, Colorado, Payroll Vault franchising offers a full-service entrepreneur for small businesses. Payroll Vault is established by a professional advisor accountant who has identified the benefits of isolating payroll from traditional accounting for better results and is focused on the needs of local small and medium-sized businesses to help them meet their business transition goals faster. Payroll Vault gives you the ability to start your bookkeeping franchise supported by its team of experts with years of background supporting payroll and small business triumph. Since its launch in 2012, the Payroll Vault franchise has expanded rapidly as customers realized the immense value of the service as a business. As a result, the Payroll Vault franchise is today acknowledged to be a top bookkeeping franchise in the country.
BooXkeeping
Total U.S. Locations |
2 |
Net Unit Growth (3 years) |
2 |
Initial Investment |
$26K-$53K |
Royalty Fees |
10% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
What do you need to know about BooXkeeping? BooXkeeping is a franchise that offers a service in which they will document all your transactions, operations, and other business events. Are you wondering how much is a BooXkeeping franchise? Before initiating a BooXkeeping franchise, it is significant to know the franchise fee, operating capital, and other costs needed to start the business. The investment range to open a BooXkeeping franchise is between $25k and $53k. Keep in mind that you should also keep some money off for yourself and your expenses at the beginning.
Supporting Strategies
Total U.S. Locations | 98 |
Net Unit Growth (3 years) | -1 |
Initial Investment | $77K-$103K |
Royalty Fees | 10% of gross sales for year 1; more information can be found in the FDD |
Estimated Profits | Click here |
Estimated Resale Value | Click here |
Backing plans were made to provide efficient and sufficient accounting and management services for developing businesses since 2004 in the US. The company equips accounting and operational support for small businesses in many cities in the United States of America. The main objective of the company is to support business leaders with their back-office functions so that they can focus on the essence of business. Supporting Strategies is looking for new franchise divisions throughout the nation.
Conclusion
In conclusion, the top bookkeeping franchises for 2023 offer valuable services and opportunities for entrepreneurs looking to enter the bookkeeping franchise industry. These franchises provide aspiring business owners with the potential for growth and success in the bookkeeping industry. Overall, the top bookkeeping franchises for 2023 provide a variety of services, investment ranges, and growth opportunities. Whether you, an aspiring franchisee, are interested in tax preparation, payroll services, comprehensive bookkeeping, or specialized business support, these franchises offer a platform for success in the bookkeeping industry.
