Do you want to open a management consulting business by buying CEO Focus franchise? If YES, here is how much it cost to open CEO Focus franchise successfully. CEO Focus is a management consulting company that offers business advisory services. It is a B2B business entity that offers franchise in its location.
The mission of CEO Focus is to connect its members and franchisees with knowledge, perspective, and resources necessary to thrive personally and financially. Their members are made to go through monthly peer group meetings facilitated by their group advisor in addition to one-on-one meetings with the advisor each month.
The business is crafted in such a way that members benefit from the collective wisdom of their peer group, the experience of the group advisor, and the accountability to which all group members are held. This would help keep everyone in check and help keep the group running smoothly.
The CEO Focus program has the ability to take your business knowledge and leverage it into a meaningful coaching career. If you are interested in earning an excellent income while working a very flexible schedule, then this franchise is for you.
CEO Focus franchisees help business owners take their businesses to the next level of profitability. Many business owners get into the problem of not being able to balance the day to day needs of their business with the strategic growth of the business. They very easily feel overwhelmed by the needs of the business. This drawback is now what draws them to CEO Focus.
As of the 2017 Franchise Disclosure Document, there are 31 franchised CEO Focus locations in the USA. CEO Focus has franchise locations in 15 states. The largest region is the South with 16 franchise locations. As a CEO Focus franchisee, your role will be to assist businesses by acting as a trusted business advisor as well as the facilitator of a group of their local CEO peers.
By gaining access to a network of peers, gaining business and industry best practices, as well as increasing the focus on the important aspects of their business, a CEO Focus member can accomplish amazing results for a faltering business.
Financial Investment Required to Open a CEO Focus Franchise?
CEO Focus has a franchise fee of up to $25,000, with a total initial investment range of $41,500 to $63,000. Their financial requirements are thus;
- Initial Investment: $41,500 – $63,000
- Net-worth Requirement: $100,000
- Liquid Cash Requirement: $35,000
- Initial Franchise Fee: $25,000 – $25,000
- Ongoing Royalty Fee: 4-6%
CEO Focus offers in-house financing to cover accounts receivable and a few others. In all, you should have about $60,000 that is aside your net-worth.
Financial Model of the CEO Focus Franchise
There are certain criteria a business person must possess before he or she can be a franchisee of this company. The candidate must possess a strong general business background. Previous company ownership is a plus. CEO Focus acts as general contractors to their members, referring them to the expertise they need to succeed.
So, as a franchisee, you need not be an expert in all areas of business, but you should be comfortable in all areas. You may be working with 40-50 different clients in a given month, so you should enjoy variety. Most importantly, you should enjoy helping strong business men and women become even better business people. This should in fact be your mantra.
CEO Focus is a franchise peer group business. Franchisees will run their own CEO peer group business using their models and coaching. The company charges a very reasonable 4%-6% of the revenue of franchisees if they make use of the model and ongoing support.
It is also important to note that the company has no other fees such as invoicing fees, home office fees, and administrative fees. Membership billing can provide an excellent living. Plus, you will still have time available for play or additional consulting work
What do you get?
For a $25,000 franchise fee, you receive 3 full days of personalized training plus:
- Complete training manuals/video
- All Marketing templates needed to run the business
- Seminar materials and “playbook” for driving membership
- Coaching model for your members
- Group meeting and facilitation model
How Much Do You Stand to Make With This Franchise?
A lot of things come into play when it comes to predicting how much a business makes, or how much a business is capable of making. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. It is same for this franchise. Your earnings will also depend on how hard you work and how efficient your business is.