BidExecs franchise
2023 filing · September 22, 2023
BidExecs at a glance
A proposal-writing business that helps organizations respond to requests for proposals and win contracts. At the end of 2022 there were 7 BidExecs locations in the US, 6 franchised and 1 company-owned.
The business
- Industry
- Business services
- Franchisor
- BidExecs Franchising, LLC
- The company that sells the franchises
- Franchising since
- 2020
- 3 years of selling franchises
- Franchisor based in
- Herndon, Virginia
What you pay
- Cost to open
- $58K–$86K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 8–10%
- 10% of yearly gross sales up to $500,000, 9% from $500,001 to $1,500,000 and 8% above, paid monthly, plus 0.5% to the national brand fund once it is set up
- Brand fund
- 0.5%
- 0.5% of gross sales, paid monthly
- Renewal fee
- See terms
- 25% of then-current Initial Franchise Fee
- Agreement length
- 5 years
- Territory
- None
- No exclusive territory
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 7
- Franchised and company-owned
- Franchised
- 6
- Company-owned
- 1
- States
- 4
- Most in Texas, Colorado and Louisiana
Support and records
From BidExecs Franchising, LLC’s 2023 filing; revenue and net loss from its audited financial statements, page 47; 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
BidExecs among all franchises with the same figure.
| Figure | BidExecs | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $72,000 | Costs less than 93% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 10% | Higher than 95% of brands with a set rate |
| US locationsFranchised and company-owned | 7 | Fewer than 66% of franchises |
How much a BidExecs franchise costs
Opening one BidExecs costs an estimated $57,750 to $86,250. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($35,000) and additional funds ($10,000 to $30,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Local Advertising | $1,000 | $3,000 | |
| Training Fees and Expenses | $5,500 | $6,500 | |
| Rent, Security & Utility Deposits | $1,250 | $2,750 | |
| Equipment, Fixtures and Furnishings | $1,500 | $2,500 | |
| Computer System | $2,000 | $3,000 | |
| Insurance | $1,000 | $2,000 | |
| Business Licenses, Legal Fees | $500 | $1,500 | |
| Additional Funds | $10,000 | $30,000 | |
| Total | $57,750 | $86,250 | |
Source: BidExecs Franchising, LLC, 2023 filing, page 16
BidExecs franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: BidExecs Franchising, LLC, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | 10% of yearly gross sales up to $500,000, 9% from $500,001 to $1,500,000 and 8% above, paid monthly, plus 0.5% to the national brand fund once it is set up. |
|---|---|
| Brand or marketing fund | 0.5% of gross sales, paid monthly. |
| Technology Fee | $1,250 |
| Transfer Fee | $35,000 |
| Renewal Fee | 25% of then-current Initial Franchise Fee |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: BidExecs Franchising, LLC, 2023 filing, pages 12 and 13
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures BidExecs 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: BidExecs Franchising, LLC, 2023 filing, page 35
How BidExecs compares
Of the 324 business services franchises on this site, BidExecs is the 107th cheapest to open and the 210th largest by number of locations.
| Figure | BidExecs | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $58K | $77K | $222K |
| Cost to open, high end | $86K | $136K | $477K |
| Franchise fee | $35K | $45K | $40K |
| Royalty | 10% | 7% | 6% |
| Brand fund | 0.5% | 2% | 2% |
| US locations | 7 | 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 |
|---|---|---|
| 2020 | 0 (0) | 1 |
| 2021 | 3 (+3) | 1 |
| 2022 | 6 (+3) | 1 |
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: franchise failure rates.
Source: BidExecs Franchising, LLC, 2023 filing, page 36
Where BidExecs locations are
At the end of 2022, BidExecs had locations in 4 states. The most are in Texas, Colorado and Louisiana.
- Texas4
- Colorado1
- Louisiana1
- Virginia1
Source: BidExecs Franchising, LLC, 2023 filing, page 37
Who owns BidExecs?
BidExecs franchises are sold by BidExecs Franchising, LLC.
From BidExecs Franchising, LLC’s 2023 filing.
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: BidExecs Franchising, LLC, 2023 filing, litigation on page 11, bankruptcy on page 11
BidExecs filings
The figures on this page come from BidExecs Franchising, LLC’s 2023 filing, issued September 22, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | September 22, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
