Trustegrity franchise
2024 filing · July 16, 2024Growing
Trustegrity at a glance
A business running peer advisory groups where business owners, entrepreneurs and advisors meet to share advice. At the end of 2023 there were 25 Trustegrity locations in the US, 14 franchised and 11 company-owned.
The business
- Industry
- Business services
- Franchisor
- Connect, Confide, and Collaborate LLC
- The company that sells the franchises
- Current franchisor selling since
- 2020
- 4 years of selling franchises
- Franchisor based in
- Marietta, Georgia
What you pay
- Cost to open
- $38K–$74K
- Fee, build-out and opening working capital
- Franchise fee
- $15,300
- Paid once, when you sign
- Royalty
- 12% of gross profit
- The greater of 12% of gross profit or $250 a month, from the 13th month
- Brand fund
- Yes
- 3% of gross revenue, up to $20,000 a year
- Agreement length
- 8 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 25
- Franchised and company-owned
- Franchised
- 14
- Company-owned
- 11
- Change in 3 years
- +9
- Franchised locations, 2021–2023
- States
- 10
- Most in California, Georgia and Utah
From Connect, Confide, and Collaborate LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Trustegrity among all franchises with the same figure.
| Figure | Trustegrity | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $55,900 | Costs less than 96% of franchises |
| Franchise feePaid once, when you sign | $15,300 | Lower than 92% of franchises |
| US locationsFranchised and company-owned | 25 | More than 53% of franchises |
How much a Trustegrity franchise costs
Opening one Trustegrity costs an estimated $37,525 to $74,275. 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 ($15,300) 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 | $15,300 | ||
| Initial Training Fee | $3,000 | ||
| Initial Inventory | $1,875 | ||
| Lease, deposit, and first month’s rent | $0 | $6,000 | |
| Local Lift Off | $3,000 | ||
| Technology Fee – 6 Months | $1,200 | ||
| Office Equipment | $2,000 | $5,000 | |
| Furnishings and Fixtures | $0 | $5,000 | |
| Grand opening advertising | $1,000 | $3,000 | |
| Computer Software | $500 | $1,000 | |
| Promotional Items | $1,000 | $3,000 | |
| Miscellaneous office supplies | $100 | $500 | |
| General Liability Insurance and other Insurance | $1,000 | $3,000 | |
| Licenses | $50 | $400 | |
| Utilities | $500 | $1,000 | |
| Travel and living expenses while training | $1,000 | $3,000 | |
| Taxes | $0 | $1,000 | |
| Misc. opening costs | $1,000 | $3,000 | |
| Additional Funds - 3 months | $5,000 | $15,000 | |
| Total | $37,525 | $74,275 | |
Source: Connect, Confide, and Collaborate LLC, 2024 filing, page 16
Trustegrity franchise fee
The franchise fee is $15,300. You pay it when you sign the franchise agreement.
Source: Connect, Confide, and Collaborate LLC, 2024 filing, page 10
Royalty and ongoing fees
| Royalty | The greater of 12% of gross profit or $250 a month, from the 13th month. |
|---|---|
| Brand or marketing fund | 3% of gross revenue, up to $20,000 a year. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Connect, Confide, and Collaborate LLC, 2024 filing, page 12
Sales and earnings
No figures Trustegrity 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: Connect, Confide, and Collaborate LLC, 2024 filing, page 34
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Trustegrity | Typical business services brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +40% / +180% | 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 Trustegrity compares
Of the 324 business services franchises on this site, Trustegrity is the 57th cheapest to open and the 162nd largest by number of locations.
| Figure | Trustegrity | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $38K | $77K | $222K |
| Cost to open, high end | $74K | $136K | $477K |
| Franchise fee | $15K | $45K | $40K |
| US locations | 25 | 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 | 5 (+4) | 19 | – | – |
| 2021 | 6 (+1) | 13 | +1 | 0 |
| 2022 | 10 (+4) | 12 | +4 | 0 |
| 2023 | 14 (+4) | 11 | +4 | 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.
Over 4 years, from the start of 2020 to the end of 2023, franchised locations went from 1 to 14 (+13, +1300%). The earlier years come from the brand's 2023 filing.
Source: Connect, Confide, and Collaborate LLC, 2024 filing, page 35
2020: Connect, Confide, and Collaborate LLC, 2023 filing, page 36
Where Trustegrity locations are
At the end of 2023, Trustegrity had locations in 10 states. The most are in California, Georgia and Utah.
- California5
- Georgia5
- Utah4
- North Carolina3
- Illinois2
- Tennessee2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 0 | 5 | 5 |
| Georgia | 5 | 0 | 5 |
| Utah | 4 | 0 | 4 |
| North Carolina | 3 | 0 | 3 |
| Illinois | 0 | 2 | 2 |
| Tennessee | 2 | 0 | 2 |
| Arizona | 0 | 1 | 1 |
| Kentucky | 0 | 1 | 1 |
| Nebraska | 0 | 1 | 1 |
| Nevada | 0 | 1 | 1 |
Source: Connect, Confide, and Collaborate LLC, 2024 filing, page 35
Who owns Trustegrity?
Trustegrity franchises are sold by Connect, Confide, and Collaborate LLC.
From Connect, Confide, and Collaborate LLC’s 2024 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: Connect, Confide, and Collaborate LLC, 2024 filing, litigation on page 10, bankruptcy on page 10
Trustegrity filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from Connect, Confide, and Collaborate LLC’s 2024 filing, issued July 16, 2024; the earlier ones below are on record with the Minnesota Department of Commerce and the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | July 16, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
| 2023 filing | June 23, 2023 | NASAA depository | Locations, 2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
