Purchasing an existing TaxAssist Accountants practice represents an excellent foundation upon which a new owner can further develop an established business with an income stream from day one.
When you buy an existing practice you are investing in a ready-made business with premises, brand presence, staff, and practice management systems in place. An established practice can provide the following advantages:
Reliable income stream from day one
An established, profitable TaxAssist Accountants practice will offer a diverse client base providing an income stream straight away.
Benefit from our nationally recognised brand
As owner and operator, you will instantly be able to benefit from the goodwill and reputation of the TaxAssist brand. And given the business will already be established and well-known your local area, it's much easier to create further demand and grow revenue.
Significant potential to grow your business
Given the practice is already established, with proven processes working and clients in place, your focus can move quickly to growing the business and taking it forward. You are in a strong position as a new owner with a clear vision to look at new marketing opportunities and how you can maximise the potential within the territory - there can be huge scope for an energised individual with ambition and drive, to grow the business further. Options for development include adding further shops and satellite offices within the territory to fully utilise all the population on offer.
Experienced staff in place
Most TaxAssist Accountants practice resales will have experienced, well-qualified staff who will be involved in the day-to-day running of the business. Many will have strong relationships with current clients having dealt with them on a regular basis which will aid the transition to a new owner.
Support and training
New TaxAssist Accountants will have access to all the extensive support and training on offer including ever evolving best practice guidance which is delivered through ‘The Practice Engine’, a central tool to accelerate growth and add value to businesses. Throughout your journey with us, our highly experienced team will be on hand to assist and support as you take over your accountancy practice and will guide you as you develop your aspirations and plans for the business.
Reduced risk in running your business
Investing in a franchise limits the risks involved in business as you will be investing in a proven business model and operating system. Banks are supportive of our franchise and will lend 70% of the total investment for both resales and new areas.
Bank funding for resales
To help you secure funding for your resale, we have built excellent long-term relationships with the major banks in the UK over the years, and TaxAssist Accountants is A-rated with them. HSBC, Lloyds, Barclays and NatWest have dedicated franchise departments which understand franchising and are very supportive of TaxAssist Accountants franchises.
Banks typically lend our franchisees a maximum of 70% of the total investment required, including working capital. Facilities include:
- Highly competitive rates
- Fixed and variable rate loans
- Committed overdrafts
- Business charge cards
With a TaxAssist Accountants franchise resale, you will need to take into consideration the price of the business, as well as the franchise fee, as part of your total investment.
Our franchise fee for a resale is reduced to £9,975 + VAT, with an ongoing Management Service Fee on a sliding scale from 9% down to 1%.
We will work closely with you throughout the business planning stage to create a plan that is realistic and establishes the right level of investment for you.
Current resale opportunities
Interested in finding out about the TaxAssist Accountants practices we have for sale? Click here.
