Our Network had a record start to 2014 and we are pleased to announce that for the first time, a Franchisee exceeded £100,000 sales in one month!
So, some headline figures:
- In January we saw a record 1543 (1474 Jan 2013) new clients sign up with a fee bank of £856K (£733K Jan 2013).
- As at the end of January 2014, total clients in our network amount to 47,838 which is an increase of 9.6% over 2013 and the total Fee Bank stands at £31.8M - an increase of 11.5% over 2013.
- Our inbound lead team, based at our Support Centre, work hard throughout the year to deliver quality leads to our Network. Year on year we are seeing an increasing trend in the number of leads we deliver with January being their busiest month of the year.
- In January 2014 we delivered close to 1400 leads to our network. Whilst some of these leads will take time to turn into business, so far 23% of those have been converted for total fees of £163,000. We would certainly expect the final conversion rate to be at least 30% which would suggest total fee bank of around £212,000. With the average client staying with TaxAssist for between 8 and 9 years, this could give lifetime income of £1.7M for our franchisees.
- In 2013 out of a total of 1185 qualified leads, business was signed up at a 30% conversion rate with a total Fee Bank signed of £192,000, securing lifetime income of £1.54M for our Franchisees.
April 2014
