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

LAST UPDATED: June 2024

FRANCHISE WEBSITE: https://franchise.cyberbacker.com/  

NUMBER OF LOCATIONS: 40+

REPORTED COST TO GET IN: $51,850-$84,800

REPORTED ROI (Item 19): N/A

Cyberbacker is a virtual assistance service franchise with the mission of providing premium and world-class services “from anywhere in the world to anywhere in the world.”

How Many Cyberbacker Locations Are There?

Cyberbacker was established in January 2018 by Craig Goodliffe, initially as a concept within his real estate company, The Good Life Group. The idea behind Cyberbacker stemmed from Goodliffe's belief in providing equal opportunities and recognizing that talent could be found globally.

Goodliffe's vision was to create a platform that matched exceptional individuals with clients who shared similar values and goals. Thus, Cyberbacker was born with the mission of providing premium and world-class virtual assistance services to its partners.

Over the years, Cyberbacker has grown significantly, servicing over 3,000 clients within just five years. Today, there are over 40 locations. 

What Is the Cyberbacker Business Model?

The business model of Cyberbacker revolves around providing virtual assistance services to clients worldwide through a franchise system. This involves providing remote administrative, clerical, and operational support to businesses and professionals. Virtual assistants (VAs) employed by Cyberbacker franchisees handle tasks such as email management, scheduling, data entry, customer service, social media management and more.

Cyberbaker’s business model includes the following features:

Low Overhead Costs. One of the key aspects of Cyberbacker's business model is its emphasis on operating with minimal overhead costs. Since the business is primarily conducted remotely, franchisees don't need to invest in physical office spaces or large teams of in-house staff. This allows franchisees to keep their expenses low and maximize profitability.

Comprehensive Training and Support. Cyberbacker provides franchisees with comprehensive training and ongoing support to help them succeed in their businesses. This includes initial boot camps to prepare franchisees for entrepreneurship, as well as continuous training sessions, check-ins, evaluations and business reviews to ensure franchisees have the necessary tools and guidance to thrive.

Market Exclusivity. Franchisees are granted exclusive territories or markets, allowing them to operate without direct competition from other Cyberbacker franchisees in their designated areas. This helps franchisees build a strong client base and establish themselves as the go-to virtual assistance service provider in their regions.

Collaborative Network. Cyberbacker fosters a collaborative environment among its franchisees by facilitating regular meetings, mastermind sessions and networking opportunities. This collaborative network enables franchisees to share ideas, strategies and best practices, ultimately contributing to the success of individual franchise businesses.

Overall, Cyberbacker's business model provides aspiring entrepreneurs with a turnkey solution to enter the virtual assistance industry, offering a combination of flexibility, support and scalability to help them build successful businesses in this growing market.

How Much Can Cyberbacker Owners Make?

Earnings for Cyberbacker franchisees are not publicly available. 

How Much Does It Cost to Open a Cyberbacker Franchise?

The initial investment required to open a Cyberbacker franchise ranges from $51,850 to $84,800. This investment is designed to be accessible to a wide range of aspiring franchisees, with a focus on providing comprehensive training, ongoing support and valuable resources. Here's a breakdown of the investment information:

• Franchise Fee: $30,000
• Initial Training: $0 - $500
• Support Team Costs (3 Months): $5,850 - $7,800
• Launch Team Support Fee: $10,000
• Computer and Smartphone: $0 - $2,500
• Business Coach (3 Months): $3,000 - $4,500
• Construction/Leasehold Improvements: $0 - $10,000
• Adapting Office to Our General Specifications: $0 - $2,500
• Rent (3 Months Plus Security Deposit): $0 - $4,000
• Misc. Opening Costs: $1,000 - $6,000 
• Additional Funds (3 Months): $2,000 - $7,000
• Total: $51,850 - $84,800

It's important to note that the above costs are estimates for developing a single franchise market, and additional expenses may occur. Franchisees may also have the option to purchase additional franchises at reduced initial franchise fees, subject to meeting certain criteria.

What Is the Franchise Fee for Cyberbacker?

The franchise fee is $30,000. 

Who Are the Leaders of Cyberbacker?

• Craig Goodliffe - Founder and CEO
• Jason Stowe - Vice President of Franchise 

What Helpful Articles Can I Read to Learn More?

• Start a Cyberbacker Franchise in 2024
• Craig Goodliffe Helps Small Businesses, One Cyberbacker at a Time
• Empowering locally, while hiring globally
• How It Works

Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our Power Rankings to read more on brands making moves. 

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