Cybertary
Virtual assistance is a rapidly growing industry with both small and large businesses seeking outsourced professionals for services such as paperwork management, bookkeeping, data entry and other marketing tasks. Cybertary is poised as the leader of the emergent virtual assistance industry, with a nationwide network of skilled professionals who provide administrative, creative and technical support to businesses and entrepreneurs.
Cybertary offers a number of advantages for franchisees with backgrounds in management, business development, financial services, sales and marketing. Cybertary enables franchisees to leverage their existing skills and expertise with the collaborative knowledge of the entire Cybertary network, creating powerful teams of virtual assistants. Franchisees work from home with the benefits of flexible hours and an established brand behind them.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
4 |
22 |
23 |
| | % Change | -- |
450.0% |
4.5% |
| | Company-Owned | 0 | 0 | 0 |
| | % Change | -- |
-- |
-- |
| | Total |
4 |
22 |
23 |
| | % Change | -- |
450.0% |
4.5% |
| | Franchised as % of Total |
100.0% |
100.0% |
100.0% |
Investment Required
The fee for a Cybertary franchise ranges from $37,500 to $56,250 depending on the size of the territory.
Cybertary provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced. Additional fees apply to a regional representative franchise.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee | $37,500 | $56,250 |
| | Equipment and Furniture | $0 | $5,000 |
| | Insurance | $250 | $1,600 |
| | Professional Fees | $250 | $2,500 |
| | Security Deposit | $0 | $2,000 |
| |
Training Costs |
$200 |
$2,000 |
| | Telephone and Internet Connection | $0 | $150 |
| |
Software |
$500 |
$1,500 |
| | Initial Marketing Materials |
$500 |
$1,500 |
| |
Additional Funds (3 Months) | $300 | $6,000 |
| |
Total Initial Investment |
$39,500 |
$78,500 |
Ongoing Expenses
Cybertary franchisees pay a royalty fee of the greater of 5% of gross sales or $400.00 per month, a general advertising fee equal to 1% of gross monthly sales or $20 per month, a local advertising fee of $300.00 per month, and a technology fee of $100 per month plus $50 per month for additional team members. Additional fees include a training or assistance fee.
What You Get—Training and Support
Cybertary offers start-up assistance including designating a primary market area, reviewing proposed site locations, aiding purchase of necessary product materials and services, and assisting in installation of computer software, internet and telephone service. Cybertary also provides promotional support including guidance in purchasing signs and promotional products for the franchise office and assistance in local advertising programs. Ongoing support is provided in general administration, bookkeeping, and management procedures.
Franchisees further benefit from a four-day training course offered at Cybertary corporate headquarters in Roseville, CA, and a 12-week program of remote one-hour sessions. The training covers topics including operational procedures, marketing strategies, promotion guidelines, business planning, banking, client relations and technology.
Territory
Cybertary grants designated primary marketing territories to franchisees containing a minimum of 125,000 residents and/or 2,500-4,500 businesses. Larger territories are available for a larger initial investment.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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