10X Business Advisor Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$125,000
Investment required
$112,000 - $344,000
Royalty fee
15.00%

10X Business Advisor: Empowering Businesses to Achieve Exponential Growth

The 10X Business Advisor franchise is a dynamic business consulting and coaching company founded with the goal of helping businesses scale and maximize their potential. The franchise was established by Grant Cardone in 2019 and is headquartered in Aventura, Florida.

It began franchising shortly after its inception, leveraging the global reach of Cardone's 10X brand. The franchise offers a comprehensive range of business advisory services, including growth strategies, sales training, and financial planning, aimed at small to medium-sized enterprises.

What sets the 10X Business Advisor franchise apart from other business consulting services is its unique approach grounded in the principles of the 10X Rule, a concept popularized by Grant Cardone. 

The 10X Rule encourages businesses to set goals that are ten times greater than what they initially believe they can achieve, fostering a mindset of exponential growth. This approach, combined with personalized coaching and actionable strategies, provides franchisees with a robust framework to deliver measurable results to their clients.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount (Low-High Range)
Initial Franchise Fee $100,000 - $125,000
10X Business Coach Program Fees $0 - $100,000
Additional 10X Business Advisor Initial Training Fees $0 - $75,000
Additional Advisor Technology Fee $0 - $4,995
Training Expenses $0 - $5,000
Computer System $1,000 - $2,000
Insurance Deposits and Premiums (3 months) $1,000 - $3,000
Business Licenses $0 - $1,500
Professional Fees $0 - $2,500
Additional Funds (3 months) $10,000 - $25,000
Total Estimated Initial Investment $112,000 - $343,995

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Number of units

2023
Franchised units

0

0

3

Company-owned units

0

0

0

Total units

0

0

3

Franchise Disclosure Document

Training 

The 10X Business Advisor franchise offers a comprehensive training program designed to equip franchisees with the necessary tools and knowledge to succeed in the business consulting industry. 

The training includes a mix of in-person and online sessions, covering essential topics such as the 10X growth strategies, sales techniques, client acquisition, and business operations.

Franchisees receive hands-on training on how to implement the 10X Rule in their consulting practices, ensuring they can effectively guide their clients toward significant growth. 

The program also includes ongoing support, with regular updates, workshops, and access to a network of experienced advisors to help franchisees continuously improve their skills and stay ahead in the market.

Territory Protection

10X Business Advisor franchise provides territory protection to its franchisees, ensuring that each franchisee has an exclusive area in which they can operate without direct competition from other franchisees. 

This territorial protection allows franchisees to build and expand their client base with confidence, knowing that they have a designated market to serve. The protected territory is typically defined by geographic boundaries, ensuring that each franchisee has ample opportunity to grow their business within their assigned region.

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