Q. Do I have to be the principal and are there any certifications or degrees needed?
A. Yes, our owners will be the CFO, with experience and certifications in finance and/or accounting. Franchise owners may hire financial advisors to work with individual clients as you grow. Learn More
Q. Can I work from a home office, or do I need to lease office space?
A. You can run this from a home office with approximately 100 square feet of space. If you would like to open an office, you have the option to do so, but we will not require this. We have recommendations if that is what you’d like to do. Just ask us for our ideas and thoughts on professional office space.
Q. How long does it take to launch?
A. You should be able to open in as few as 45 to 90 days, it depends on how quickly you complete pre-opening steps and attend franchise training. Inquire Today.
Q. How many employees are needed to operate the business?
A. Just you, acting as the principal CFO for your clients. We do anticipate that many of our franchise owners will hire other finance professionals who can fill the role as outsourced CFO as you develop a larger client-base. Learn More
Q. What back-office services and support do you provide?
A. We have a turn-key program to help you from day one. We will build your local website, create marketing materials to help sell your services, assist you in finding (and teach you on how best to retain) clients, conduct social media marketing and provide all of the back-office support for your practice. All you need to do is be the most amazing and thorough fractional CFO you can be. Inquire Today.
Q. What are the startup costs and what do they include?
A. Currently, the range of investment is from $77,050 to $116,450 which includes the $50,000 initial franchise fee. Other estimated costs include 3rd party professional advisory fees, insurance and 3-months of working capital. Determine Your Eligibility Online
Q. How much will the business make in a year?
A. That is up to you! We provide a detailed Financial Performance Representation, called an Item 19 in our Franchise Disclosure Document which highlights affiliate performance and history. This can be useful to help you evaluate the revenue potential for your AltoCFO business. Inquire Today.
Q. Can I start from anywhere in the country?
A. Yes! AltoCFO aims to serve businesses nationwide. We will work with potential franchise owners to open businesses across the country, wherever you plan to operate.