Alarm and Security System Costs
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As Arranged

Succentrix

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Business Services
Category
Accounting; Business Support
Investment Range
$53,600 to $64,700
Total US Locations
36
Franchise Units
36
Founding Year
2015
Started Offering Franchises
2015
Management Capacity
Owner Operator
Job Count
9
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
7%
Marketing Fee
1%
Franchise Fee
$30,400
Headquarters (City, State)
West Monroe, LA
Square Footage
250 - 1,000
Retail Location?
Yes
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Succentrix Business Advisors is a 21st Century full service business advisory franchise that provides accounting, payroll, bookkeeping, and tax preparation to assist small business America. Its Business Advisors, Accountants, CPA's, Bookkeepers and Payroll Experts are trained to provide each small business owner with professional services that create lifetime partnerships. They value each and every client, and assure their loyalty and dedication to do the best job possible to save their clients money, and bring success to small businesses across America.With a fresh and comprehensive franchising model for the next generation accountant that is cloud-based and interconnected, Succentrix has become one of the leading franchises in the professional services, accounting and bookkeeping industry!

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Management team / founders

The company has designed a package that is daring and comprehensive. Included in the model is a state of the art cloud accounting and payroll software, as well as top-tier professional tax preparation software. Succentrix offers extensive ongoing professional training and support from a team with over 100 years of experience in franchise operations, accounting, payroll, income tax, and traditional & digital marketing solutions - make their business model the first of its kind!Led by Alan Padgett, Management Team prides itself in having a hands-on management style, that when partnered with years of experience offers unique training and mentoring to each franchise owner.

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Focus of owner for daily business operations

As a Succentrix Business Advisors owner, the main facets of the business entail: 1. Managing your staff; 2. Attracting and retaining clients; 3. Conducting local marketing efforts to attract and retain clients; 4. Review of financials, business metrics and marketing

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
7%
9%
6%
Marketing Fee
1%
2%
2%
Franchise Fee
$30,400
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Fees-Training Fee and Licensing Fee
$9,500
$30,400
Due upon signing of Franchise Agreement
Initial Rent and Deposit
$900
$2,000
As Arranged
Office Furniture, Equipment and Supplies
$1,000
$2,000
As Arranged
Signage – Building and Vehicles
$500
$600
As Arranged
Initial Marketing Campaign
$1,000
$1,500
As Arranged
Travel for Initial Training for Franchise Owner
$1,200
$1,500
As Arranged
Insurance Deposits
$900
$1,200
As Arranged
Permits, Licenses & Fees
$200
$300
As Arranged
Utility Deposits and services
$500
$1,000
As Arranged
Legal Fees
$900
$1,500
As Arranged
Alarm and Security System Costs
$100
$1,200
As Arranged
Computer Hardware & Software Costs
$1,500
$2,000
As Arranged
Service Fees
7% of Monthly Gross Revenues
7% of Monthly Gross Revenues
As Arranged
Local Marketing Expenditures
3% of Monthly Gross Revenues or $350/mo., whichever is greater
3% of Monthly Gross Revenues or $350/mo., whichever is greater
As Arranged
Brand Marketing Fund
1% of Monthly Gross Revenues or $50, whichever is greater
1% of Monthly Gross Revenues or $50, whichever is greater
As Arranged
Additional Funds for at Least 3 Months
$5,000
$10,000
As Arranged
Total Initial investment
$53,600
$64,700
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2022
32
33
1
Franchised
2023
33
33
0
N/A
2024
33
36
3
N/A
2022
0
0
0
Company-Owned
2023
0
0
0
N/A
2024
0
0
0
N/A
2022
32
33
1
Total Outlets
2023
33
33
0
N/A
2024
33
36
3
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Succentrix
6.1% / 16.7%
7.9% / 25.5%
0% / 2.9%
Industry median
2.2% / 3.4%
5.4% / 16.7%
1.3% / 6.1%
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
0.0
10 Year Cumulative Defaults
0.0
3 Year Predicted Default Rate
0.0
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Succentrix Business Advisors is a very interesting investment opportunity within the accounting industry. With cutting edge cloud based systems not only will the services that you offer provide succinct business solutions but also results. Succentrix Business Advisors franchise owners are a part of a concentric business system and a growing industry. They have a strong franchisee support system in place to continue to help their franchisees grow in their market.