6/10

Franchimp Summary Rating

7 /10
Earnings Transparency
5 /10
Investment Accessibility
Higher than 55% of peers

Franchise Summary

Description
The franchise offered is for the operation of business which provides outsourced bookkeeping and operational support for small businesses ("Franchise Business").
Company Background
Supporting Strategies is a company out of Durham, North Carolina that provides outsourced bookkeeping and operational support. The company works with small businesses to help them grow their business by providing the necessary financial information to make informed decisions. We are driven by our mission to provide excellence in service and integrity in all we do.
Franchise Opportunity
As a business owner, you have a lot on your plate. Between growing your company and keeping track of the books, there's not much time left for anything else. Juggling all of these responsibilities can be tough, and it's easy to let some things fall through the cracks. Before you know it, you're behind on bills and taxes, and your customers are starting to complain about late deliveries. SUPPORTING STRATEGIES is here to help. We offer professional bookkeeping and operational support services that will take the burden off of your shoulders so you can focus on what's important - growing your business. Let us take care of the details while you concentrate on what you do best.
Corporate Structure
Supporting Strategies Partners, LLC is a limited liability company, formed under the laws of Delaware on January 17, 2013. Their principal business address is 100 Cummings Center, Suite 207P, Beverly, Massachusetts 01915. They have offered franchises for SUPPORTING STRATEGIES® businesses since March 2013.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Business-Related Industry

$474,837 / unit

Franchise Type: Standard

Average Revenue During 2021

$474,837
$24,112
Industry Low
$553,602
Industry High
Show All Years +

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Supporting Strategies Franchisees

Supporting Strategies Franchise System Development in 2021

FAQ

How much investment do I need to start my own Supporting Strategies business?
Franchisees typically require at least $74 to $98 investment to get their Supporting Strategies business started
What are the initial franchise fees for Supporting Strategies?
Franchisees typically need to pay at least $60 in fees directly to Supporting Strategies in order to earn the right to launch their business
How much money can I make with a Supporting Strategies franchise? What are the average revenues for a typical Supporting Strategies business?
We estimate that the average revenue of an individual Supporting Strategies unit is approximately $474,837. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Supporting Strategies unit? What is my contractual commitment?
Supporting Strategies franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10
The Franchisor's investment costs ranges from $74,570 to $98,190 which is Much Higher than the $0 to $0 average in the Business-Related industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE