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Description
Investment Icon

What Are the Initial Investment Requirements for a Cyberbacker Franchise?

To become a Cyberbacker franchisee, you need to prepare for an initial investment ranging from $52,000 to $84,950. This includes a franchise fee of $30,000. Additionally, you should have a net worth between $100,000 and $500,000 to meet the financial prerequisites. Understanding these costs upfront will help you gauge your financial readiness and plan accordingly for your franchise journey.

Fees Icon

What Are the Ongoing Fees Associated with a Cyberbacker Franchise?

Cyberbacker franchisees are required to pay a royalty fee of 7% on gross sales, along with a marketing fee of 3%. These ongoing costs are essential for maintaining brand presence and support through the corporate structure. Ensuring you can accommodate these fees in your financial plan is crucial for long-term success in your franchise operations.

Revenue Icon

What Is the Average Revenue Potential for a Cyberbacker Franchise?

Cyberbacker franchises show promising revenue potential, with an average annual revenue per unit reported at $142,778. However, revenue can vary significantly, with the lowest annual revenue at $2,567 and the highest reaching $1,900,834. This wide range underlines the importance of effective management and marketing strategies to maximize your earnings as a franchisee.

Breakeven Icon

What Is the Expected Timeline for Breakeven and Return on Investment?

Franchisees can expect to reach breakeven within approximately 12 months of operation. The investment payback period is estimated at 14 months, making Cyberbacker a potentially attractive opportunity for those looking to recoup their initial investment relatively quickly. Understanding these timelines can help you set realistic financial goals as you embark on your franchise journey.

Cyberbacker Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$100,000 - $500,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

14 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$30,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

7%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

3%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$52,000 - $84,950
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$52,000 - $84,950
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$142,778
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$2,567
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$1,900,834
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$2,567
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Business Opportunities
Category icon A more specific division within the broader industry.

i Category:

Internet-Based Businesses
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Craig Goodliffe
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

2447 Kiesel Ave. Ogden, Utah 84401
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2020
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Cyberbacker, LLC

Cyberbacker Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

32
The number of locations owned by independent franchisees.

Franchised Units i

31
The number of locations owned and run by the franchisor.

Corporate Units i

1
Units 2021 2022 2023
Total Units 13 50 32
Net Change YoY 37 -18
Franchised Units 12 49 31
Net Change YoY 37 -18
Corporate Units 1 1 1
Net Change YoY 0 0
Investment About

Franchise Overview

Cyberbacker is a cutting-edge virtual assistant franchise that offers businesses a range of administrative, marketing, and operational support services. Established to empower entrepreneurs and streamline business operations, Cyberbacker enables franchisees to tap into the growing demand for remote assistance. With a focus on technology and innovation, Cyberbacker provides a scalable business model that caters to various industries, making it an attractive opportunity for aspiring franchise owners.

Potential About

Investment Requirements

The initial investment for a Cyberbacker franchise ranges from $52,000 to $84,950, which includes a franchise fee of $30,000. Potential franchisees should be prepared with a cash requirement within the same range and a net worth between $100,000 and $500,000. This investment structure allows for flexibility while ensuring that franchisees have the necessary resources to launch and sustain their operations effectively.

Metrics About

Revenue Potential

Cyberbacker franchisees can expect an average annual revenue of $142,778 per unit, with the potential for significant earnings demonstrated by the highest reported annual revenue of $1,900,834. The financial performance showcases the brand's ability to generate substantial income, making it an appealing option for those seeking a lucrative business venture in the virtual assistance sector.

Fees About

Royalty and Marketing Fees

Franchisees are required to pay a royalty fee of 7% of gross sales, along with a marketing fee of 3%. These fees contribute to the ongoing support and resources provided by Cyberbacker, including brand marketing initiatives and operational assistance, ensuring that franchisees are well-equipped to succeed in a competitive market.

Breakeven About

Operational Performance

The breakeven time for a Cyberbacker franchise is approximately 12 months, with an investment payback period of 14 months. This relatively quick return on investment highlights the franchise's efficient operational model and the demand for its services, allowing franchisees to recoup their initial investment in a timely manner.

Units About

Growth and Expansion

Cyberbacker has shown robust growth, expanding its franchised units from 12 in 2021 to 49 in 2022, and maintaining a solid presence with 31 units in 2023. This consistent growth trajectory reflects the brand's increasing popularity and the rising demand for virtual assistant services, positioning Cyberbacker as a strong contender in the franchise market.

Frequently Asked Questions

The initial investment for a Cyberbacker franchise ranges from $52,000 to $84,950, which includes a franchise fee of $30,000.