Fiducial began franchising in 1999. It has a total investment of $30,200 – $83,800. The initial franchise cost is $25,000 with a royalty fee of 7%. The term of agreement is 10 years with a renewal fee of $ 5,000.
Absentee ownership of franchise is not acceptable. It requires 1 – 4 employees to run a franchised unit. 2% of all franchisees own more than one unit. The qualifications are; industry experience, general business experience and marketing skills.
Fiducial is one of the sources of financial and business services to individuals and small businesses worldwide. It was started in 1970 by Mr. Christian Latouche. It entered the United States market in the late ’90s. Currently, the company boasts over 150 company-owned and franchise offices. Through consistent growth, it now is one of America’s largest associations of professional services consultants.
Fiducial’s business is to assist small businesses to grow and become more profitable. Moreover, Fiducial is a renowned leader in financial problem solving. It is one of the world’s largest network of professional advisors, in fact, it has independently owned international offices in Canada, Ireland, Thailand, Philippines, Indonesia, Brunei, Puerto Rico, Portugal and the Dominican Republic. It has nearly 1,800 members and has correspondents in 77 countries.
All affiliates carry the same shared concept of giving multi-disciplinary services for small businesses and individuals. Fiducial is propelled by more than 15,100 employees, which includes the law firm, Sofiral, and the seller of office and furniture supplies, SACI. Further, all independently owned franchisees and company-owned office personnel are known as “members” of the Fiducial network.
Fiducial renders a gamut of resources and services to all of its members. It stresses four key aspects, namely: maximizing their standardized systems for running multiple profit centers; ensuring Fiducial brand name awareness; capitalizing on the power of the network to share experiences and costs; and making it easier and cheaper to process client work through web-based processing centers. The products and services by the members’ profit centers, such as tax return preparation, tax planning, monthly write-up work, financial planning, business counseling, payroll and more are eventually supported by many of their products and services.
One of its control systems is to ensure that products and services should constantly be at a high quality by employing a Product Manager at each Profit Center. There are monitoring teams to keep an eye on each life cycle of products and to always review the services they offered to make sure that the members received accurate and timely support.
One of the advantages of a Fiducial franchise is that the owner enjoys a number of vital benefits that accumulates from significant competitive edges to unmatched success opportunities. A lot of advantages such as aggressive national branding, efficient and easy-to-implement system of operations, comprehensive “back office” support, toll-free access to expert specialists, national marketing and local lead generation, intensive initial and ongoing training, and a commitment to mutual growth and success, are all present in Fiducial.
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