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SUPPORTING STRATEGIES

SUPPORTING STRATEGIES

Supporting Strategies franchises operate businesses that provide outsourced bookkeeping and controller services to small businesses with 1-100 employees. Services include accounts payable and receivable management, invoicing, financial reporting, payroll support, inventory and credit card reconciliation, and other accounting tasks, all delivered virtually and remotely using a standardized system. The franchisor's model emphasizes scalable operations through proprietary procedures, marketing techniques, and uniform methods to enable efficient growth for franchisees.

Since 2013ServicesBeverly, MAwww.supportingstrategies.com
2024 FDDNo Item 19SBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$74,570 - $98,190
Franchise Fee
$60,000
Locations
84

Financial Requirements

Franchise Fee$60,000
Initial Investment Range$74,570 - $98,190
Royalty Rate10.00%
Brand Fund2.00%
Fixed Monthly Fees$100 - $200

10% royalty (greater of 10% or annual minimum after Year 1) + up to 2% ad fund + $100-$200/mo per user Virtual Cloud/Key fee

Franchise Stats

Franchise Locations84
Corporate Locations10
States Operating35
Franchising Since2013
FDD Year2024

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How SUPPORTING STRATEGIES Compares to Other Business Services Franchises

Key Insights

  • Lower than average SBA loan default rate in Business Services
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
SUPPORTING STRATEGIES
Current
$75K - $98K$60K10.0%84
Bimbo Foods Bakeries Distribution, LLC$14K - $607KN/AN/A6,454
THE UPS STORE (TRADITIONAL)$216K - $609K$30K5.0%4,500
JACKSON HEWITT TAX SERVICE$71K - $105K$25K15.0%2,744
CRUISE PLANNERS$2K - $21K$11K3.0%2,655
SERVPRO (UNIT)$259K - $380K$100K10.0%2,286
Business Services Average
187 franchises
$118K - $285K$46K10.4%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States by Outlet Count
1TX
7
2MA
7
3FL
7
4NY
7
5NJ
6
6IL
5
7CA
4
8VA
4
9MN
4
10OH
3
11NC
3
12WA
3
13CO
3
14PA
3
15AZ
2

+19 more states

SBA Loan History

Historical SBA 7(a) loan data for SUPPORTING STRATEGIES franchisees (2015 - 2019)

Total Loans
9
Average Loan Amount
$135,456
Total Loan Volume
$1,219,100
Default Rate
11.1%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases0

No litigation involving franchisees reported in the FDD.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
4
Non-Renewals
0
Reacquired by Franchisor
10
Ceased Operations (Other)
0
System Transfers
0
Sold to Franchisees
0
Projected New Franchises
0

Frequently Asked Questions

How much does it cost to open a SUPPORTING STRATEGIES franchise?

The total initial investment to open a SUPPORTING STRATEGIES franchise ranges from $74,570 to $98,190. This includes a franchise fee of $60,000. Ongoing royalty fees are 10.0% of gross sales.

How many SUPPORTING STRATEGIES franchise locations are there?

As of the 2024 FDD, SUPPORTING STRATEGIES has 84 franchise locations. The company has been franchising since 2013.

Can you get an SBA loan for a SUPPORTING STRATEGIES franchise?

Yes, SBA loans are available for SUPPORTING STRATEGIES franchises. Historical data shows 9 SBA 7(a) loans have been approved for SUPPORTING STRATEGIES franchisees, with an average loan amount of $135,456. The historical default rate is 11.1%.

Is SUPPORTING STRATEGIES a good franchise to buy?

Whether SUPPORTING STRATEGIES is a good franchise investment depends on your personal goals, available capital, and local market conditions. We recommend reviewing the full FDD, speaking with existing franchisees listed in Item 20, and consulting with a franchise attorney before making a decision.

Interested in SUPPORTING STRATEGIES?

Talk to a franchise advisor to get personalized guidance and learn if SUPPORTING STRATEGIES is the right fit for you.

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