TheOfficeSquad franchise
2024 filing · July 22, 2024Shares sales figures
TheOfficeSquad at a glance
A business support firm offering bookkeeping, administrative help, phone answering, executive suites, coworking and virtual offices. At the end of 2023 there were 2 TheOfficeSquad locations in the US, all company-owned.
The business
- Industry
- Business services
- Franchisor
- Office Squad Franchise, LLC
- The company that sells the franchises
- Franchising since
- 2021
- 3 years of selling franchises
- Franchisor based in
- Las Vegas, Nevada
What you pay
- Cost to open
- $105K–$270K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 7%
- 7% of gross revenue, paid monthly
- Brand fund
- Yes
- Up to 2% of gross revenue, paid monthly
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 2
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 2
- Change in 3 years
- 0
- Franchised locations, 2021–2023
- States
- 1
- Most in Nevada
From Office Squad Franchise, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
TheOfficeSquad among all franchises with the same figure.
| Figure | TheOfficeSquad | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $187,525 | Costs less than 71% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a TheOfficeSquad franchise costs
Opening one TheOfficeSquad costs an estimated $104,850 to $270,200. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are additional funds (3 months) ($25,000 to $75,000) and franchise fee ($50,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Franchise Fee | $50,000 | ||
| Real Estate/Rent | $2,500 | $15,000 | |
| Utility | $300 | $1,200 | |
| Leasehold Improvements | $10,000 | $50,000 | |
| Office Expenses | $100 | $500 | |
| Signage | $2,500 | $5,000 | |
| Market Introduction Program | $1,000 | $3,000 | |
| Insurance | $150 | $500 | |
| Furniture, Fixtures and Equipment | $7,500 | $50,000 | |
| Computer Systems | $2,500 | $10,000 | |
| Training | $1,500 | $4,000 | |
| Dues and Subscriptions | $500 | $1,500 | |
| Licenses & Permits | $300 | $1,500 | |
| Legal & Accounting | $1,000 | $3,000 | |
| Additional Funds (3 months) | $25,000 | $75,000 | |
| Total | $104,850 | $270,200 | |
Source: Office Squad Franchise, LLC, 2024 filing, page 13
TheOfficeSquad franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: Office Squad Franchise, LLC, 2024 filing, page 10
Royalty and ongoing fees
| Royalty | 7% of gross revenue, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 2% of gross revenue, paid monthly. |
| Computer Systems | $2,500 - $10,000 |
| Transfer Fee | $10,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Office Squad Franchise, LLC, 2024 filing, page 10
Other fees as filed, from pages 11–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures TheOfficeSquad publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Office Squad Franchise, LLC, 2024 filing, page 36
How TheOfficeSquad compares
Of the 324 business services franchises on this site, TheOfficeSquad is the 210th cheapest to open and the 252nd largest by number of locations.
| Figure | TheOfficeSquad | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $105K | $77K | $222K |
| Cost to open, high end | $270K | $136K | $477K |
| Franchise fee | $50K | $45K | $40K |
| Royalty | 7% | 7% | 6% |
| US locations | 2 | 32 | 21 |
| Shares earnings figures | Yes | 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 |
|---|---|---|---|---|
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 2 | 0 | 0 |
| 2023 | 0 (0) | 2 | 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: franchise failure rates.
Source: Office Squad Franchise, LLC, 2024 filing, page 41
Where TheOfficeSquad locations are
At the end of 2023, TheOfficeSquad had locations in 1 state. The most are in Nevada.
- Nevada2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Nevada | 0 | 2 | 2 |
Source: Office Squad Franchise, LLC, 2024 filing, page 42
Who owns TheOfficeSquad?
TheOfficeSquad franchises are sold by Office Squad Franchise, LLC. Its filing names no parent company.
From Office Squad Franchise, LLC’s 2024 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 9. |
|---|---|
| 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: Office Squad Franchise, LLC, 2024 filing, litigation on page 9, bankruptcy on page 10
TheOfficeSquad filings
The figures on this page come from Office Squad Franchise, LLC’s 2024 filing, issued July 22, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | July 22, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
