CorporateConnections franchise
2023 filing · September 22, 2023Growing
CorporateConnections at a glance
A business running referral and peer groups ("chapters") for senior executives and business owners. At the end of 2022 there were 2 CorporateConnections locations in the US, all franchised.
The business
- Industry
- Business services
- Franchisor
- Corporate Connections Franchising, LLC
- The company that sells the franchises
- Franchising since
- 2018
- 5 years of selling franchises
- Franchisor based in
- Charlotte, North Carolina
What you pay
- Cost to open
- $39K–$82K
- A single chapter
- Franchise fee
- $30,000
- A region of up to five chapters is $79,000
- Royalty
- 20%
- 20% of the previous month's gross revenues, plus 2% for global marketing and technology
- Renewal fee
- See terms
- 50% of the then-current Initial Franchise Fee
- Agreement length
- 5 years
- Territory
- None
- No exclusive territory
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 2
- Franchised and company-owned
- Franchised
- 2
- Company-owned
- 0
- Change in 3 years
- +1
- Franchised locations, 2020–2022
- States
- 2
- Most in Louisiana and North Carolina
From Corporate Connections Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
CorporateConnections among all franchises with the same figure.
| Figure | CorporateConnections | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $60,403 | Costs less than 95% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 20% | Higher than 99% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a CorporateConnections franchise costs
Opening a single chapter costs an estimated $39,295 to $81,510. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
The biggest costs are initial franchise fee* ($30,000) and additional funds - 3 months ($5,000 to $15,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee* | $30,000 | ||
| Training Fees for Additional Training/Personnel* | $0 | $5,000 | |
| Supplies, Equipment and Software* | $1,000 | $8,000 | |
| Computer | $500 | $5,000 | |
| Advertising Expenses | $500 | $5,000 | |
| Business Registration/License | $500 | $3,000 | |
| Insurance | $500 | $8,000 | |
| Video Conferencing License | $80 | ||
| Salesforce License Fee/CC 360* | $1,215 | $2,430 | |
| Additional Funds - 3 Months | $5,000 | $15,000 | |
| Total | $39,295 | $81,510 | |
Source: Corporate Connections Franchising, LLC, 2023 filing, page 26
CorporateConnections franchise fee
The franchise fee is $30,000, a region of up to five chapters is $79,000. You pay it when you sign the franchise agreement.
Source: Corporate Connections Franchising, LLC, 2023 filing, page 16
Royalty and ongoing fees
| Royalty | 20% of the previous month's gross revenues, plus 2% for global marketing and technology. |
|---|---|
| Global Marketing and Technology Fee | 2% of the previous month’s Gross Revenues |
| Renewal Fee | 50% of the then-current Initial Franchise Fee |
| Training Fees for Additional Training/Personnel | $0 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Corporate Connections Franchising, LLC, 2023 filing, page 18
Other fees as filed, from pages 18–23. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures CorporateConnections 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: Corporate Connections Franchising, LLC, 2023 filing, page 50
Growth and closures
Share of franchised locations, 2022 / 2020–2022. Typical means the median: half of brands are above it, half below.
| Measure | CorporateConnections | Typical business services brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / +100% | 0% / +3.6% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 5.9% / 25% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical business services brand is the median of the 114 brands in business services franchises with three years of counts.
How CorporateConnections compares
Of the 324 business services franchises on this site, CorporateConnections is the 65th cheapest to open and the 249th largest by number of locations.
| Figure | CorporateConnections | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $39K | $77K | $222K |
| Cost to open, high end | $82K | $136K | $477K |
| Franchise fee | $30K | $45K | $40K |
| Royalty | 20% | 7% | 6% |
| US locations | 2 | 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 | 1 (0) | 0 | 0 | 0 |
| 2021 | 2 (+1) | 0 | +1 | 0 |
| 2022 | 2 (0) | 0 | 0 | 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: Corporate Connections Franchising, LLC, 2023 filing, page 50
Where CorporateConnections locations are
At the end of 2022, CorporateConnections had franchised locations in 2 states. The most are in Louisiana and North Carolina.
- Louisiana1
- North Carolina1
| State | Franchised |
|---|---|
| Louisiana | 1 |
| North Carolina | 1 |
Source: Corporate Connections Franchising, LLC, 2023 filing, page 52
Who owns CorporateConnections?
CorporateConnections franchises are sold by Corporate Connections Franchising, LLC.
From Corporate Connections Franchising, LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 14–16. |
|---|---|
| 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: Corporate Connections Franchising, LLC, 2023 filing, litigation on pages 14–16, bankruptcy on page 16
CorporateConnections filings
The figures on this page come from Corporate Connections 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.
