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TAB The Alternative Board Franchise ProfileConsultant & Business Brokers > Business Coaching |
How To Open a TAB (The Alternative Board) Franchise?
To embark on your journey as a TAB franchisee, you will need to complete an ownership application. Following this, a review of TAB's executive summaries and other franchise materials can prepare you for an initial conversation with a franchise representative. If you progress through the selection process, you may be invited to a discovery day, where you can meet existing franchisees and gain insights into the operations and support offered by TAB. Once approved, you will receive a franchise agreement, allowing you to start your own TAB Business.
What Makes a TAB Franchise an Attractive Opportunity?
Before diving into the investment, it's crucial to assess whether a TAB franchise aligns with your business aspirations. Speak with financial advisors and conduct market research to understand the demand for TAB's services in your area. The initial investment for a TAB franchise varies by model, ranging from approximately $53,875 to $96,650, which includes franchise fees and startup costs. Additionally, ongoing royalty fees, typically a percentage of your revenue, must be factored into your financial planning. TAB may also offer financial incentives for military veterans.
Why Consider Joining the TAB Franchise Network?
TAB provides a unique business model that focuses on advisory boards for business leaders. The franchise allows you to facilitate board meetings, provide coaching services, and offer additional business tools. If you are passionate about helping others succeed in their businesses and have a knack for coaching and facilitation, a TAB franchise presents a rewarding opportunity. You will receive comprehensive training and ongoing support, ensuring you have the tools necessary to thrive and make a positive impact in your franchise territory.
Is a TAB Franchise the Right Fit for You?
The TAB franchise model caters to business owners and executives seeking peer advisory and coaching services. With more than 25 years in the industry and a growing network of franchisees, TAB offers a robust support system. Your success will largely depend on your ability to build relationships within your protected territory and effectively market your services. If you have a strong entrepreneurial spirit and are willing to commit to the operational requirements, a TAB franchise could be a fulfilling venture that also provides substantial income potential.
TAB The Alternative Board Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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TAB The Alternative Board Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 141 | 126 | 112 |
Net Change YoY | -15 | -14 | |
Franchised Units | 127 | 113 | 101 |
Net Change YoY | -14 | -12 | |
Corporate Units | 14 | 13 | 11 |
Net Change YoY | -1 | -2 |
Company Background
TAB The Alternative Board is a peer advisory and business coaching franchise that focuses on helping business owners achieve their goals through collaborative group meetings and one-on-one coaching. Founded in 1990, TAB has grown to include more than 250 franchises worldwide, providing valuable insights and resources to entrepreneurs. The franchise promotes a unique blend of peer support and business education, enabling members to tackle challenges and seize opportunities in their respective markets.
Franchise Opportunity
Investing in a TAB franchise offers aspiring entrepreneurs the chance to operate within a growing network dedicated to business growth and development. Franchisees have the opportunity to lead advisory boards, conduct workshops, and provide coaching services to local business owners. With a proven business model and extensive training, TAB equips franchisees with the tools needed to foster successful business relationships and help their clients thrive.
Corporate Structure
TAB The Alternative Board, Inc. operates as a corporation established in the United States. The company is headquartered in Denver, Colorado, and is managed by a team of experienced professionals who are dedicated to the success of their franchisees. TAB's corporate structure supports a robust franchise network by providing ongoing training, marketing support, and operational resources to ensure franchisees can effectively serve their clients.
Royalties
Franchisees are required to pay a royalty fee of 6% of gross sales, which contributes to the ongoing support provided by TAB. Additionally, there is a marketing fee of 2% of gross sales designated for national advertising and promotional efforts. These fees are essential for maintaining brand visibility and ensuring franchisees benefit from a cohesive marketing strategy that drives business growth.
Company Mission
TAB’s mission is to empower business owners to achieve their full potential through shared experiences and collaborative problem-solving. By fostering a supportive community, TAB aims to create environments where entrepreneurs can learn from one another, overcome challenges, and implement effective strategies for success. The organization is committed to helping its members grow their businesses while enhancing their personal and professional lives.
Brand Story
TAB The Alternative Board was founded by Allen Fishman, who recognized the need for business owners to connect and share insights in a supportive environment. Since its inception, TAB has evolved into a global franchise that champions the success of entrepreneurs through peer advisory boards and coaching. The brand has built a reputation for delivering actionable strategies and fostering meaningful relationships, making it a trusted resource for business leaders seeking growth and innovation.
Frequently Asked Questions
The total investment necessary to begin operation of a TAB franchise ranges from $53,875 to $96,650, depending on the franchise model chosen, which includes fees payable to the franchisor or affiliates.