Last Updated on August 5, 2012 by DeanR
Vertical Business Solutions Franchise Information
Vertical Business Solutions is a franchise for a business providing financial products and services to businesses.
It was founded in 2009 and started franchising in 2010. This company is made up of experienced sales and operational executives. They were able to develop and open more than 500 national tax franchises in almost 50 major metropolitan markets. Their aim is to be able to provide a traditional tax franchise that has been simplified. What they want is to make available a business opportunity which can be home based, low cost, partially absentee, and can be painted by the number.
Their business model has no need for you to rent out a location, no cost on construction and design, no equipments, no signage, no employees, no phone systems, no utilities, and not even advertising. The team is lead by four people: Jeff Herr works with franchisees on training and executing what they have learned on the field; Todd Kirby is focused on relationship management with franchise partners; Jim Jagers works on innovations on technology and is the support in the back end of the franchise partners; And Joe Roda is focused on propriety applications, contracts, and vendor relationships. They now have 20 locations in the United States and one location that is company owned.
What services do they provide at Vertical Business Solutions?
They offer a business to business franchise. They provide products and services to existing businesses. They call their product “Profit and Taxes System”. Some of their target clients are attorneys, insurance agents, and auto dealerships. They help them provide tax refund fulfilment and tax preparation services to their existing clients.
This benefits your clients in such a way that they can extend the flow of money from clients without having to spend on opening a separate business that have costs putting up. This gives them the potential to cross offer their other products such as insurances or cars. If you own the franchise, all you need to do is negotiate between the clients and the tax preparer’s commission. The rest of the earnings are yours.
Costs and requirements on running a Vertical Business Solutions franchise
You need to have a net worth of $50,000 and a total liquid asset of at least $20,000. Expect to be investing about $19,000 to $39,000. The cost of Vertical Business Solutions franchise fee is $15,000 with an on-going royalty fee of 20%. This is for a renewable 10 year term agreement. This business can be run from home. They allow absentee ownership.
What is included in the franchise package?
There will be three days training at the headquarters. Their first topic in training is the fundamentals of franchising. They will be sending you parts of the operations manual before the training for you to be able to do some advance reading. Their training is labelled as an Advanced Sales boot camp. You will be receiving newsletters and a toll free phone number. You will also be given access to the internet. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks.
Vertical Business Solutions Contact Details
You may reach them at:
Address: 1055 St. Paul Place Cincinnati, OH 45202
Phone: (513) 673-4911
Email: info@vbsfranchise.com