Franchise Deep Dive: BooXkeeping Franchise Costs, Fees, Profit and Data

LAST UPDATED: November 2023 
FRANCHISE WEBSITE: https://www.booxkeepingfranchise.com/
NUMBER OF LOCATIONS: 6 franchise locations and one corporate location
REPORTED COST TO GET IN: $25,842 to $52,842
REPORTED ROI (Item 19): $128,743 (average gross revenue of franchisee open 12 months or longer)

BooXkeeping provides to businesses, mostly those that are small and medium-sized, outsourced bookkeeping services for an affordable price within the United States. BooXkeeping’s main mission is to make the financial process, including bookkeeping, financial data entry, reporting and billing, as efficient and easy as possible. 

How Many BooXkeeping Locations Are There?

BooXkeeping's journey began with founder Max Emma's emigration from the Soviet Union to the U.S. at 18. After an unfulfilling stint in corporate accounting, Max transitioned to running a landscape maintenance business, which flourished to $4 million but fell to bankruptcy in 2008 due to the company growing too fast during a time of economic slowdown without the financials to catch up. This setback served as a critical learning experience for Max, inspiring his venture into BooXkeeping. He noticed discrepancies in the bookkeeping industry's pricing and, along with his then-wife Elena, who brought expertise from her background in accounting and finance, launched BooXkeeping. Their approach was unique, focusing on building a client-centric culture and offering affordable services. 

Despite their divorce, the Emmas continued to work together, expanding BooXkeeping into a major player in the bookkeeping sector, servicing around 85 franchise brands and branching into franchising themselves. Today, BooXkeeping includes five franchise locations and one corporate location, serving all states across the country.

What Is BooXkeeping’s Business Model?

BooXkeeping franchisees offer multiple services for small and medium-sized businesses. These services include franchise bookkeeping, white label services and more.

As a franchisor, BooXkeeping’s low-cost, home-based model provides an attractive work-life balance for its franchise owners. Comprehensive support includes two weeks of training, six months of sales coaching and a year of bi-weekly executive coaching with none other than Elena herself, whose resume today includes adjunct professor, PhD, writer, artist and TEDx speaker. 

Client acquisition support is another key advantage of the business model. With 85 franchise brands for which BooXkeeping is a preferred vendor, including FastSigns, Signarama and Sport Clips*, new franchisees can gain immediate access to potential clients.

How Much Can BooXkeeping Franchise Owners Make?

According to the Item 19, the BooXkeeping affiliate location saw a gross revenue of $105,361 in its second year of operation and $311,410 in its third year. Over the past 10 years, that location has seen an average annual gross revenue of $450,020. Franchisees open for 12 months or longer saw a gross revenue of $128,743 in 2022. 

How Much Does It Cost to Open a BooXkeeping Franchise?

The total investment necessary to begin operation of a BooXkeeping Franchised Business ranges from $45,442 to $52,842 (start-up franchisee) and from $25,842 to $41,592 (conversion franchisee).

What Is the Franchise Fee for BooXkeeping?

The franchise fee required to open a BooXkeeping franchise is $29,995.

Who’s On BooXkeeping’s Leadership Team?

• Max Emma - Co-Founder and CEO
• Elena Emma - Co-Founder and Chief People Officer

What Helpful Articles Can I Read to Learn More About BooXkeeping?

• BooXkeeping Corp Franchise | Meet the Franchise | Max Emma

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