Cyberbacker

Outsourced personal assistants

2023 Franchise 500 Rank: N/RNot ranked last year

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Initial investment: $78K - $94K

Units as of 2022: 43 4,200.0% over 3 years

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Company Overview

About Cyberbacker

Industry	Business Services
Related Categories	Miscellaneous Business Services
Founded	2018
Parent Company	Cyberbacker Int'l.
Leadership	Jason Stowe, VP of Franchise Development
Corporate Address	2447 Kiesel Ave. Ogden, UT 84401
Social	Facebook,Instagram,YouTube

Business Overview

Franchising Since	2021(2 years)
# of employees at HQ	3,200
Where seeking	This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide.
# of Units	43(as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Cyberbacker franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition:The initial fee paid to a franchisor to join their system What you need to know:发现FDD的5项,这可能是一个固定费用, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$30,000
Initial Investment Definition:The total amount necessary to begin operation of the franchise What you need to know:The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$78,120 - $94,000
Cash Requirement Definition:The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000 - $100,000
Veteran Incentives Definition:A discount or other incentive offered to military veterans who buy a franchise with this company.	$5,000 off franchise fee
Ad Royalty Fee Definition:An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know:This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 3%
Term of Agreement Definition:The length of time your franchise agreement will last. What you need to know:Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Cyberbacker has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training	11 hours
Ongoing Support	Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Field Operations
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition:The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition:This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
Are exclusive territories available? Definition:An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know:Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes

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Additional Rankings

Curious to know where Cyberbacker ranked on other franchise lists? Find out below.

Ranked #118 in 2023

Fastest-Growing Franchises

Ranked #100 in 2023

Top Franchises for Less Than $100,000

Ranked #44 in 2023

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.

Updated: December 12th, 2022

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Cyberbacker

Company Overview

About Cyberbacker

Business Overview

Information for Franchisees

Financial Requirements & Ongoing Fees

Financing Options

Training & Support Offered

Operations

Additional Rankings

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