SmartBooks Partners
Bottom line
- Total investment $58K – $79K including a $50K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $3.6M/year.
- Rated CAUTION with a risk score of 71/100.
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one SmartBooks Partners unit return on the cash you put in?
Unlevered ROIC · per unit
528%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 SmartBooks Partners units return on equity?
Equity IRR · 5-yr
31.2%
3.88× MOIC
Year-1 DSCR
2.59×
EBITDA ÷ debt service
Equity required
$7.4M
on $17.8M purchase
Total debt
$10.3M
SBA $5.0M + senior + seller note
Overview
About
SmartBooks Partners franchisees appear to provide bookkeeping, accounting, or financial management services to small/medium businesses. Day-to-day operations likely involve client onboarding, maintaining financial records, reconciling accounts, generating reports, and providing advisory services. However, with only one unit in existence, the actual business model and franchisee responsibilities remain unvalidated.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
SmartBooks Partners is a single-unit, financially opaque franchise with going concern issues, no territory protection, and zero growth data — representing extreme investment risk.
Score breakdown · what drove the 71 / 100 rating
- 01MINOROnly 1 unit in entire system indicates brand is either brand new or experiencing severe contraction — impossible to validate franchise model viability
- 02MEDNo Item 19 (average unit economics) disclosed — cannot verify if $58k-$78.5k investment generates positive ROI against 8% royalty structure
- 03HIGHGoing Concern status is False, suggesting potential financial instability or discontinued franchise recruitment
- 04MINORTerritory is completely unprotected — franchisee has no exclusivity; brand can recruit competitors in same geographic area
- 05MEDNet income not disclosed — cannot assess profitability; combined with single unit, suggests franchisor cannot demonstrate franchisee success
- 06MINORSingle unit with unknown growth trajectory indicates no validated replication model and extreme survival risk
- 07MINOR10-year term with $50k upfront fee plus $58-78.5k investment locks franchisee into underfunded, unproven system
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
1 numbers
One-time purchase · CSV download · Validation questions included
FDD download
SmartBooks Partners · FDD (2021) PDF