Loyalty Business Services
Looking to invest in a franchise offering business advisory, bookkeeping, payroll, and tax services? Learn more about the Loyalty Business Services franchise, including costs, fees, and market competition.
Table of Contents:
Introduction
Loyalty Business ServicesUnit franchise offers business advisory, bookkeeping, payroll, and income tax preparation services.
The Initial Franchise Fee is $40,000 for the right to a single franchise location. When you sign your Franchise Agreement, you must also pay us $5,000, which will be used for your Grand Opening Advertising.
Loyalty Business Services
Loyalty Business Services Franchise Cost
The total investment necessary to begin the operation of a Loyalty Business Services franchise ranges from $68,200 to $99,700. This includes $45,000 that must be paid to the franchisor or its affiliate.
Additional Cost Breakdown
Below is a list of the costs that factor in the range of startup costs from $68,200 to $99,700.
- Initial Franchise Fee: $40,000
- Construction & Leasehold Improvements: $0-$10,000
- Furniture, Fixtures and Equipment: $5,000-$7,000
- Interior & Exterior Signage: $2,000-$3,000
- Rent and Security Deposit: $3,000-$6,000
- Software and Software Support Services: $100-$500
- Computer and Point of Sale Systems & Connectivity: $2,500-$4,000
- Training Travel and Living Expenses: $1,000-$2,000
- Opening Inventory & Supplies: $500-$1,500
- Grand Opening Advertising: $5,000
- Permits and Licenses: $700
- Utilities: $500-$1,000
- Insurance: $400-$500
- Professional Fees: $2,500-$3,500
- Additional Funds (3 months): $5,000-$15,000
Ongoing Franchise Costs and Fees
Royalty: 14% of Gross Revenues-
Advertising: 3% of Gross revenue per month
Payment: Royalties are due weekly by EFT
-Minimum Royalty: The Minimum Royalty amount increases each year, ranging from $5,000 to $10,000.
Loyalty Business Services Sales Figures
Loyalty Business Services do not disclose Item 19. It has not been in business for three years yet and so can not include all financial statements required by the Franchise Rule.
Competition
The target market consists mainly of small to medium-sized businesses seeking business advisory, bookkeeping, payroll, and income tax preparation services. The market is developed with more demand seasonally during Tax Season, the January April period of the year.
You will compete with national, regional, and local companies and individuals offering similar services, both franchised and non-franchised, as well as online offerings for similar services.
Conclusion
The Loyalty Business Services model involves delivering business advisory, bookkeeping, payroll, and income tax preparation services. Loyalty Business Services have been offering franchises since June 2020.
While this may be the business for you, make sure to also check out other businesses offered on Vetted Biz and in the business service industry.
