About TheOfficeSquad® Franchise
TheOfficeSquad is a business services franchise that connects small and mid sized companies with skilled virtual and on site administrative professionals.
Founded and franchising since 2021, the brand addresses the growing demand for flexible office support without the overhead of full time hires.
Services typically include bookkeeping, executive assistance, customer service support, and general office management.
TheOfficeSquad® Franchise Cost & Fees
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $50,000 | One-time payment upon signing |
| Royalty Fee | 7% of your Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Brand Fund Fee: up to 2% of your Gross Revenue; Advertising Cooperative Contribution: up to 3% of your Gross Revenue | National brand fund |
| Total Investment Range | $104,850 – $270,200 | Includes build-out, inventory, working capital |
The investment range of $105K–$270K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of your Gross Revenue) and marketing fee (Brand Fund Fee: up to 2% of your Gross Revenue; Advertising Cooperative Contribution: up to 3% of your Gross Revenue) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Franchise Fee | $50,000 | $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 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Technology Fee | You will purchase and/or lease Technology Products from our Approved Suppliers on such terms as we direct. You are required to pay Approved Suppliers directly for Technology Products. |
| Audit Fee | The greater of $500 and the actual cost of audit fees, plus the underreported fees, late charges on those fees, and interest on the fees you did not pay at 1.5% per month. |
| Outsourced Support Services | 75% of Gross Revenue from outsourced services, which we will bill at our then-current rate schedule. |
| Local Advertising Payment | The difference between the amounts you spent on local advertising each year and your required local advertising expenditure (3% of your Gross Revenue). |
| Additional Requested Training and One-on-One Coaching | Our then-current tuition fee as published in the Manual; currently $250 per day. Also, you must pay all travel, lodging, meals, and other expenses we incur if we conduct training away from our headquarters. |
| Management Fee | $500 per day that we manage your Office, plus our direct expenses incurred on your behalf |
| Costs, administrative expenses, and attorneys’ fees | Will vary under circumstances |
| Customer Service and Complaint Resolution | Varies; reasonable costs we incur for responding to a member. |
| Supplier or Product Approval Fee | $125 per request. |
| Insurance | Our cost of premiums, plus an administrative fee equal to 20% of the cost of the premiums. |
| Indemnification | Will vary under circumstances |
| Liquidated Damages | The combined monthly average of your Royalty Fees (without regard to any fee waivers or other reductions) beginning with the date on which you begin operating your first Office through the date of early termination, multiplied by the lesser of: (i) 24 months, or (ii) the number of full months remaining in the Term. |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 60 hours |
| Classroom Training | 16 hours |
| On-the-Job Training | 44 hours |
| Training Location | Phase One: TOS HQ (Las Vegas, Nevada). Phase Two: YOUR OFFICE. |
| Additional Training | Franchisor may require additional training if franchisee is performing below System standards, at a rate of $250 per day, plus travel, lodging, meals, and other expenses if training is outside the franchisee's home city. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive |
| Exclusive Territory | Yes |
| Territory Size | Maximum population of 500,000 |
| Description | Defined by ZIP codes or other geographic identification. Exact size depends on geographic location, population density, demographics, competition, proximity of other Offices, and site availability. Franchisees can purchase multiple adjacent Areas of Operations but only need one physical office to service them. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | Three (3) additional terms of five (5) years each |
| Renewal Fee | No new Initial Fee |
| Renewal Conditions | Written notice 120 days prior to term end; execute then-current standard franchise agreement (may have different terms, fees, smaller territory); execute general release; no default and no more than two breaches in 12 months; satisfied all monetary obligations; comply with current training requirements; bring office up to current standards (equipment, software, remodeling); provide proof of current licenses, insurance, permits. |
| Transfer Fee | $10,000 |
| Transfer Conditions | Full compliance with agreement, all amounts owed paid; transferee meets current standards and is approved; provide all transfer documents; transferee assumes agreement or executes new one; transferee and/or GM attend training; execute general release; financing subordinate to franchisor obligations; execute non-compete. |
| Termination for Cause | Automatic termination for bankruptcy/insolvency, final judgment over $10,000 unsatisfied for 60 days, dissolution/liquidation, execution levied against property. Immediate termination with notice (no cure) for failure to open/complete training, abandonment, failure to maintain licenses, certain adverse conduct (felony conviction), unauthorized transfer, failure to comply with laws, repeated defaults, understating gross revenue, material misrepresentations, failure to allow audit, violation of restrictive covenants, interference with relationships, sale of unapproved products/services, intellectual property misuse, anti-terrorism law violations, operation after death/incapacity, advertising outside territory, absence from mandatory events. Termination with cure period for client complaints, failure to pay amounts owed, other defaults (30 days), failure to maintain insurance (10 days). |
| Non-Compete Period | 3 years after termination/expiration |
| Non-Compete Details | During term: cannot directly or indirectly own, invest in, partner with, direct, serve as officer/director, be employed by, act as consultant/agent for, or divert clients to any Competitive Business anywhere. After term: cannot engage in Competitive Business within 15 miles of former Area of Operations or any other operating Office for 3 years. Cannot divert or accept business from any client of any Office for 1 year after termination/expiration. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Unless purchasing as an add-on to an existing executive or virtual office suite business, your Office must at all times be under your direct, day-to-day, full-time supervision. If a legal entity, a General Manager approved by the franchisor is required. Owner and General Manager must attend and complete training. If married, spouse must sign Owner Agreement. |
| Required Suppliers | We and our affiliates are the only approved suppliers of Outsourced Support Services and Technology Products. For other items, a list of approved suppliers will be in the Manual, but franchisees may propose unapproved suppliers for evaluation and approval. |
| Supply Restrictions | Franchisees must maintain and comply with quality standards. Franchisor can designate single source suppliers for certain products/services. For other items, franchisees can propose unapproved suppliers for evaluation and approval ($125 fee). |
| Franchisor Revenue from Suppliers | We reserve the right to derive revenue from your purchase of products, but as of the issuance date of this Franchise Disclosure Document, we have not yet derived any profit from our arrangement with any approved supplier based on purchases by our franchisees. There are no caps or limitations on the maximum amount of payments we may receive from our suppliers as the result of franchisee purchases. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. |
TheOfficeSquad® Franchise Earnings — Item 19
TheOfficeSquad® does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
TheOfficeSquad® Litigation & Risk Flags
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
TheOfficeSquad® System Growth
TheOfficeSquad® currently operates 0 franchised locations and 2 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 2 |
| 2023 | 0 | 0 | 2 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 29 states: California, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Audited by VELEZ HARDY CPAs and Advisors for year ending December 31st.
TheOfficeSquad® Franchise — FAQ
Similar Business Services Franchises
Interested in TheOfficeSquad®?
Get free info on this franchise. We will send you a detailed FDD report by email.