The 10 Best Bookkeeping Franchise Business Opportunities in USA for 2023
Bookkeeping franchises are experiencing some changes. Their activities become paperless, automated and remote. However, the leaders in the USA market quickly adapt to the changes and remain on the top. The list of the Best Bookkeeping Franchises for 2023 hasn't changed a lot in comparison to previous years.
If you want to invest in a profitable franchise in the USA, consider a bookkeeping one. Such business requires rather low initial costs, offers a wide range of services, and is always in demand. Bookkeeping franchises provide accounting and control services, financial resources, assistance with payroll, tax preparation for small companies. Our list of top 10 bookkeeping franchises for 2023 includes reputable franchisors who have been working on the US market and far beyond it for years. They are looking for new franchise units in the country and worldwide. The best bookkeeping franchises in the USA are ready to share their experience with you and promise you a substantial profit in the future.
Here are the 10 best Bookkeeping franchises in USA
Succentrix Business Advisors
Founded in: 2014
Franchising since: 2015
Franchise units: 33
Initial investment: $39,100 - $50,700
Initial Franchise Fee: $24,900
Royalty Fees: 7%
Succentrix Business Advisors has created a new and comprehensive franchise model for next generation accountants, cloud-based and interconnected. Succentrix Business Advisors offers tax preparation, payroll and business support services to other entrepreneurs. In other words, it helps people to fulfill their personal and professional dreams. The company has developed a daring and comprehensive package. This model includes state-of-the-art cloud accounting and payroll software as well as high-end tax training software.
Toro Taxes
Founded in:1990
Franchising since: 2015
Franchise units: 144
Initial investment: $37,835 - $64,150
Initial Franchise Fee: $25,000
Royalty Fees: 10%
At Toro Taxes, we also offer a buffet of other services that generate additional revenue streams for our franchisees such as Bookkeeping services, IRS representation, financial advisory and retirement planning, Life Insurance, Auto Insurance, roadside assistance, Immigration and more. These are services you can offer yourself or refer in exchange for a percentage of proceeds. We work with each of our tax preparation franchise owners to make sure they understand how to run their tax preparation business and also secure additional profits. With our proven business model, you won’t have to worry about the uncertainty and risk that comes from opening your own business.
ATAX
Founded in: 1986
Franchising since: 2007
Franchise units: 61
Initial investment: $64,150 - $79,700
Initial Franchise Fee: $40,000
Royalty Fees: 14%
After starting with $200, 2 computers and a fax machine the company became one of the largest tax preparation providers in New York. ATAX Franchise, Inc, was launched in 2007 and began expanding along the East Coast of the US and future plans include nationwide growth. ATAX is a full-service national tax preparation and business services franchise. We strive to have a consistent client experience, and service across the country. We have a proven business model and formula for success that led ATAX to operate one of the largest independent tax preparation businesses in the country.
Payroll Vault Franchising LLC
Founded in: 2007
Franchising since: 2012
Franchise units: 58
Initial investment: $49,313 - $65,769
Initial Franchise Fee: $40,000
Royalty Fees: 6%
Headquartered in Greenwood Village, Colorado, Payroll Vault Franchising is a full-service entrepreneur for small businesses. Payroll Vault, founded by a professional consultant accountant who has identified the benefits of separating payroll from traditional accounting for better results, is focused on the needs of local small and medium-sized businesses to help them meet their business growth goals faster. Payroll Vault gives you the ability to start your own small business backed by its team of experts with years of experience supporting payroll and small business success. Since its launch in 2012, the Payroll Vault franchise has grown rapidly as customers realized the immense value of the service as a business. As a result, the Payroll Vault franchise is today recognized as the national leader in the industry.
Supporting Strategies
Founded in: 2004
Franchising since: 2013
Franchise units: 103
Initial investment: $77,930 - $103,190
Initial Franchise Fee: $60,000
Royalty Fees: 10%
Supporting Strategies has been providing efficient and effective accounting and control services for growing businesses since 2004. The company provides accounting and operational support for small businesses in various cities in the United States of America. The main goal of the company is to support business leaders with their back-office functions so that they can focus on their core business. Supporting Strategies is looking for new franchise units throughout the United States of America.
H&R Block
Founded in: 1955
Franchising since: 1956
Franchise units: 3,447
Initial investment: $31,557 - $149,398
Initial Franchise Fee: $2,500
Royalty Fees: 30%
Founded in 1955 by brothers Henry and Richard Bloch, H&R Block has filed over 600 million tax returns. In addition to providing personal tax filing services, the company offers online and desktop software products and a variety of other financial services. H&R Block Tax Services LLC franchisees prepare tax returns and may be eligible to offer accounting, payroll, and training services. One of the franchise opportunities is to open a new retail office located in a specific franchise area.
Padgett Business Services
Founded in: 1965
Franchising since: 1975
Franchise units: 292
Initial investment: $20,200 - $99,975
Initial Franchise Fee: $15,000 - $56,000
Royalty Fees: 9%+
Padgett Business Services consistently helps hundreds of up-and-coming entrepreneurs to make their dreams of running their own business come true and help small business owners with their taxes. There are many opportunities for your experiences, tips, and great ideas. In addition to tax advice and preparation, Padgett franchisees offer business consulting, management financial reporting, credit card processing, payroll solutions, and other business services.
Liberty Tax Service
Founded in: 1972
Franchising since: 1973
Franchise units: 2,509
Initial investment: $43,700 - $78,900
Initial Franchise Fee: $20,000 - $40,000
Royalty Fees: 14%
Liberty Tax provides tax filing services and is the third-largest franchise in the United States with approximately 4,000 Liberty Tax Service® offices in the US and Canada, and produces more than two million individual tax returns annually. The company has different backgrounds, but all have the same goals: to own and operate a successful national tax office with additional capabilities in the financial services sector.
Jackson Hewitt Tax Service
Founded in: 1985
Franchising since: 1986
Franchise units: 3,671
Initial investment: $49,000 - $79,805
Initial Franchise Fee: $7,500
Royalty Fees: 5-15%
Jackson Hewitt is a full-service tax office specializing in the computerized preparation of individual federal and state tax returns. Franchising began in 1986, the same year that the IRS introduced electronic registration. Jackson Hewit® is a tax innovator with a mission to offer hardworking clients access to simple, low-cost solutions for managing taxes and tax returns.
Daniel Ahart Tax Service
Founded in: 2000
Franchising since: 2005
Franchise units: 24
Initial investment: $26,300 - $44,600
Initial Franchise Fee: $12,500
Royalty Fees: 12%
Daniel Ahart Tax Service ™ is one of the fastest-growing retail tax filing firms in the country. The company offers state-of-the-art tax preparation, free e-registration with payment of tax preparation, and all banking products such as outstanding loans. Many filing options offer the client a no-cash alternative. In Tax, Daniel Ahart uses the latest technology to respond quickly to changing market demands and provide customers with the most advanced products and services.
Conclusion
To summarize, we can say any of the listed above bookkeeping franchises is worth buying. But there is a lot to consider while choosing the best one for you. Pay attention to the reputation of the brand, what training and support are offered, check if the other franchisees are successful. But the main thing you need to do is to align your budget with investment requirements of the brand. In order to ease the challenge, we have made the comparison flowchart of the best bookkeeping franchises in the USA for you. It shows the minimum estimated initial investment and initial franchise fee of each brand. By using it, you can figure out the difference in financial requirements for each franchise, and decide which one fits you the most.
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