10X Business Advisor franchise
2023 filing · October 3, 2023Growing
10X Business Advisor at a glance
A business advisory practice offering growth, sales and executive coaching and consulting to owners, managers and entrepreneurs. At the end of 2022 there were 3 10X Business Advisor locations in the US, all franchised.
The business
- Industry
- Business services
- Franchisor
- 10X Business Advisor Franchising LLC
- The company that sells the franchises
- Franchising since
- 2022
- Franchisor based in
- Aventura, Florida
What you pay
- Cost to open
- $112K–$344K
- Fee, build-out and opening working capital
- Franchise fee
- $125,000
- $100,000 for an existing 10X Business Coach member
- Royalty
- 15%
- The greater of 15% of gross revenue or $3,500 a month, paid on the 15th, plus $1,499 a month for each additional business advisor
- Territory
- None
- No exclusive territory
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2022
- 3
- Franchised and company-owned
- Franchised
- 3
- Company-owned
- 0
- Change in 3 years
- +3
- Franchised locations, 2020–2022
- States
- 3
- Most in Florida, Nevada and Texas
From 10X Business Advisor Franchising LLC’s 2023 filing; revenue and net loss from its audited financial statements, page 145; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
10X Business Advisor among all franchises with the same figure.
| Figure | 10X Business Advisor | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $227,998 | Costs less than 65% of franchises |
| Franchise feePaid once, when you sign | $125,000 | Higher than 99% of franchises |
| RoyaltyShare of sales paid to the franchisor | 15% | Higher than 98% of brands with a set rate |
| US locationsFranchised and company-owned | 3 | Fewer than 78% of franchises |
How much a 10X Business Advisor franchise costs
Opening one 10X Business Advisor costs an estimated $112,000 to $343,995. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are initial franchise fee 10X business coach ($100,000 to $125,000) and program fees ($0 to $100,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee 10X Business Coach | $100,000 | $125,000 | |
| Program Fees | $0 | $100,000 | |
| Advisor Initial Training Fees | $0 | $75,000 | |
| Additional Advisor Technology Fee | $0 | $4,995 | |
| Training Expenses | $0 | $5,000 | |
| Computer System | $1,000 | $2,000 | |
| Insurance Deposits and Premiums (3 months) | $1,000 | $3,000 | |
| Business Licenses | $0 | $1,500 | |
| Professional Fees | $0 | $2,500 | |
| Additional Funds (3 months) | $10,000 | $25,000 | |
| Total | $112,000 | $343,995 |
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 17
10X Business Advisor franchise fee
The franchise fee is $125,000, $100,000 for an existing 10X Business Coach member. You pay it when you sign the franchise agreement.
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | The greater of 15% of gross revenue or $3,500 a month, paid on the 15th, plus $1,499 a month for each additional business advisor. |
|---|---|
| Initial Training Fee | $15,000 per business advisor |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 13
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures 10X Business Advisor does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 45
How 10X Business Advisor compares
Of the 324 business services franchises on this site, 10X Business Advisor is the 218th cheapest to open and the 237th largest by number of locations.
| Figure | 10X Business Advisor | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $112K | $77K | $222K |
| Cost to open, high end | $344K | $136K | $477K |
| Franchise fee | $125K | $45K | $40K |
| Royalty | 15% | 7% | 6% |
| US locations | 3 | 32 | 21 |
| Shares earnings figures | No | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 0 | 0 | 0 |
| 2021 | 0 (0) | 0 | 0 | 0 |
| 2022 | 3 (+3) | 0 | +3 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: home-based franchises and franchise failure rates.
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 45
Where 10X Business Advisor locations are
At the end of 2022, 10X Business Advisor had franchised locations in 3 states. The most are in Florida, Nevada and Texas.
- Florida1
- Nevada1
- Texas1
Source: 10X Business Advisor Franchising LLC, 2023 filing, page 46
Who owns 10X Business Advisor?
10X Business Advisor franchises are sold by 10X Business Advisor Franchising LLC. It is a subsidiary of Cardone Ventures, LLC.
From 10X Business Advisor Franchising LLC’s 2023 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: 10X Business Advisor Franchising LLC, 2023 filing, litigation on page 11, bankruptcy on page 11
10X Business Advisor filings
The figures on this page come from 10X Business Advisor Franchising LLC’s 2023 filing, issued October 3, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | October 3, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
