General

Industry

Professional Business Services

Category

Bookkeeping

SBA Identifier

S5640

Year of Founding

2013

Fees

Marketing Fee

VARIES

Royalty Fee

VARIES

Franchise Fee

$14,995-$29,995

Investment Range

$40K-$65K

Location units

Total U.S. Locations

1

U.S. Franchised Units

0

U.S. Corporate Units

1

Headquarters (City)

Las Vegas

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2020

Issuance of FDD Data

02/04/2021

What to know about BooXkeeping franchise?

As a BooXkeeping franchisee, you will offer a suite of bookkeeping services to small businesses under the BooXkeeping licensed marks.

BooXkeeping is based in Las Vegas, NV. Scroll down to learn more!

How much does a BooXkeeping franchise cost?

Are you wondering how much is a BooXkeeping franchise? Before starting a BooXkeeping franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a BooXkeeping franchise is $40,242 and can go all the way up to $65,242. Keep in mind, you should also allocate additional funds to live off of while the BooXkeeping business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 BooXkeeping franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a BooXkeeping business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your BooXkeeping franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare BooXkeeping. Hotels to the Bookkeeping, Outdoor Professional Business Services industry.

Additional Details

How much does a BooXkeeping franchise owner make?

BooXkeeping franchise earnings and revenue can vary significantly from one franchisee to another.
The BooXkeeping franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

BooXkeeping discloses financials at the unit level. In other words, they show how much BooXkeeping franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the BooXkeeping franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like BooXkeeping. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those BooXkeeping owners were making.

Visit the BooXkeeping metrics tab to explore the financials for this business.

What is the BooXkeeping franchise fee?

Owning a BooXkeeping franchise requires a variable royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the BooXkeeping Franchise Disclosure Document

Keep in mind, there is also an initial BooXkeeping franchise fee of $14,995 that is included in the initial investment amount of $40,242 to $65,242. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the BooXkeeping franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the BooXkeeping franchise fee of $14,995.

Visit the BooXkeeping metrics tab to explore the financials for this business, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was BooXkeeping founded?

BooXkeeping started offering franchises in 2020. BooXkeeping was founded 9 years ago in 2013.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many BooXkeeping locations are in the U.S.?

As of 2021, there were 0 locations across the U.S. There are also 1 corporate locations. Most Professional Business Services franchises like BooXkeeping have more franchised locations than corporate locations.

How many BooXkeeping franchises opened over the past few years?

Over the prior 3 years we have data for, BooXkeeping has opened 0 outlets throughout the U.S. Visit the BooXkeeping metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many BooXkeeping franchises closed over the past few years?

Over the prior 3 years we have data for, BooXkeeping has closed 0 outlets throughout the U.S

Visit the BooXkeeping metrics tab to explore how the openings compare to other Professional Business Services franchises.

Is BooXkeeping growing? Are they opening more locations than they are closing?

The net unit growth rate for BooXkeeping over the past 3 years is 0%. Over the last year we have data for, BooXkeeping had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the BooXkeeping growth rate compares to 2,000+ other franchises and Industry franchises like BooXkeeping. More info in the BooXkeeping metrics tab.

Is BooXkeeping franchise eligible for an SBA Loan?

BooXkeeping is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

BooXkeeping franchise was assigned the SBA Franchise ID of S5640 on 06/30/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like BooXkeeping that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is BooXkeeping a franchise in the United States?

According to the SBA, BooXkeeping meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that BooXkeeping provides you with an FDD if you are in discussion to buy a BooXkeeping.

What is the BooXkeeping Franchise for Sale Rate?

The BooXkeeping systemwide health and franchisee satisfaction can be measured by the BooXkeepingfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

BooXkeeping franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, BooXkeeping had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the BooXkeeping franchise for sale rate compares to 2,000+ other franchises and Industry franchises like BooXkeeping. More info in the BooXkeeping metrics tab.

What is the BooXkeeping Franchise Failure Rate?

BooXkeeping franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

BooXkeeping failure rate over the past 3 years is 0%. Over the last year we have data for, BooXkeeping had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the BooXkeeping franchise for sale rate compares to 2,000+ other franchises and Industry franchises like BooXkeeping. More info in the BooXkeeping metrics tab.

How can I find out more details on BooXkeeping franchise?

Visit the BooXkeeping metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

BooXkeeping

$52,742

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

BooXkeeping

VARIES

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

BooXkeeping

$22,495

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Professional Business Services

Category

Bookkeeping

SBA Identifier

S5640

Year of Founding

2013

Fees

Marketing Fee

VARIES

Royalty Fee

VARIES

Franchise Fee

$14,995-$29,995

Investment Range

$40K-$65K

Location units

Total U.S. Locations

1

U.S. Franchised Units

0

U.S. Corporate Units

1

Headquarters (City)

Las Vegas

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2020

Issuance of FDD Data

02/04/2021

Detailed Franchise metrics for BooXkeeping

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for BooXkeeping below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

BooXkeeping

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

BooXkeeping

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

BooXkeeping

0%

Industry median

All franchises median

Unlock premium content

Business details

Company Name

https://booxkeeping.com/

Business email

**********@******.com

Mailing address

9550 S Eastern Avenue, Suite 253

State headquarters

Nevada

Owner Name

BooXkeeping

Phone

+1 (000) 0********00

City

Las Vegas

Zip code

89123
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