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

This business became a franchise itself after spending several years working with franchise brands to outsource their bookkeeping.

By Victoria CampisiStaff Writer

12:12PM • 08/16/23

LAST UPDATED: August 2023

FRANCHISE WEBSITE: https://www.booxkeepingfranchise.com/

NUMBER OF LOCATIONS: 5

REPORTED COST TO GET IN: $25,842 to $52,842

REPORTED ROI (Item 19): approx. $257,005

BooXkeeping Corp. is a franchise that offers outsourced bookkeeping services to eliminate the burden of tracking expenses and keeping financial records organized. It serves a variety of small and medium businesses nationwide.

How Many BooXkeeping Corp. Locations Are There?

BooXkeeping was started about 12 years ago by Max Emma and an unnamed co-founder. As the company began working with more franchises, they decided to franchise for themselves. Today, there are five franchises and more on the way.

What Is the BooXkeeping Corp. Business Model?

According to the brand’s website, “BooXkeeping franchise is an opportunity to own a bookkeeping business that maximizes profitability by creating a network of small-business customers and offering them comprehensive bookkeeping services at an affordable price.”

BooXkeeping is staffed by real bookkeeping experts in a variety of industries, and works with businesses of all shapes and sizes across the country. Offerings cover everything from accurately recording transactions to compliance and reporting.

For franchises, BooXkeeping helps brands standardize the bookkeeping process across the entire franchise network, get a full financial picture and drill down location data with custom reporting.

BooXkeeping also offers a complete white label bookkeeping service for certified public accountants (CPAs), chief financial officer (CFO) outfits, consulting services and other bookkeeping companies. Each has a dedicated relationship manager.

In alignment with industry standards, BooXkeeping franchisees can do all the work themselves or hire a few employees. Franchisees can also select from a pool of trained bookkeepers with whom the brand can connect them with. Notably, the franchise requires a minimum of 500K people in a designated territory.

How Much Can BooXkeeping Corp. Franchise Owners Make?

The average gross profit of a BooXkeeping franchise is $257,005 per year. However, there are many variables that affect the answer to this question. It is encouraged to review the detailed Item 19 in the brand’s Franchise Disclosure Document.

How Much Does It Cost To Open a BooXkeeping Corp.?

The initial investment range to open a BooXkeeping franchise is $25,842 to $52,842. Other fees to note include:

Royalty Fee: BooXkeeping charges a 10% royalty fee on gross revenue
Liquidity: Minimum $20K in liquid capital is required
Net Worth: Minimum of $65K total net worth is required

What Is the Franchise Fee for BooXkeeping Corp.?

The initial franchise fee to open a BooXkeeping is $19,995 to $29,995, which is included in the total investment range.

Who Is the Leadership of BooXkeeping Corp.?

Max Emma — CEO and Chief Bookkeeping Officer
Katherine L. Lewis — Director Of Operations
Xhoana A. — Director of Accounting
Alexey Novikov — Board Member
Prasann Dangi — Onboarding Specialist

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