The business model of TaxAssist Accountants is fundamentally simple - to take on hundreds of small business clients - with relatively simple work, whilst being based in visible, accessible and friendly shop front premises. Many of our franchisees were fed up with the daily commute, bored, had been made redundant or were frustrated with working hard to make others rich. They realised that taking on a franchise, which offers a service that has been and always will be in demand, could be the answer. They saw the business model made financial sense, with the potential for taking a good salary whilst creating a real asset for their long term future. Fee banks are very saleable (there are more buyers than sellers) and with the TaxAssist Accountants brand name this could add a premium to the value of the business when you decide to sell. By adhering to the business model and taking a proactive approach to marketing in your territory, you should be attracting clients at a considerable rate. Client acquisition will be facilitated by your shop front presence, and your marketing and networking activity will significantly help the build-up of your fee-bank.

 

What can be achieved?

 

Let’s consider what can be achieved in reality.  As at the beginning of 2009, the top franchisees who opened in the last 3 years, have at the end of their first year an average of 120 clients and almost £80,000 of fees. We do not pretend that this is easily achieved – it required real effort and enthusiastic following of our business model – but that level of success is being achieved and in some cases exceeded.  After five years, depending on your own ambitions, it should be possible to aim for 350+ clients with a turnover of £250k upwards.  Full business planning support is provided to help you gain an understanding of what could be achievable for you.