Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Established Accountancy Practice In The South West For Sale

UK
Asking Price:
£200,000
Turnover:
£148,000
Net Profit:
Available on request

This established TaxAssist Accountants practice was set up by the current owner in 2016.

The business services around 315 clients with gross annual recurring fees of circa £148k.

Location: South West (Two)
Established: 2016
Asking price: c£200k
Turnover: c£148k
Number of clients: 315

Perfect for the financially astute from practice, industry, corporate or a consulting background, this profitable local business provides financial guidance and support to business owners, freelancers and their families.

From our decades of experience, successful TaxAssist Accountants come from a wide range of backgrounds sharing the desire to build an asset, enjoy a flexible lifestyle from their own business.


TaxAssist vs independent

Buying an established business with the TaxAssist brand provides you with many benefits over an independent:

• Evolving mix of services keeping you and your team at the cutting edge
• Driving profitability by leveraging the latest tech to empower your team and your clients
• A proven marketing machine to enable organic business development
• Guidance acquiring local fee banks to enable rapid growth
• 24/7 helpline for you and your staff linking with our UK support office
• Annual conferences and regional meetings with like-minded local TaxAssist business owners
• Assistance preparing for future exit/sale
+ the opportunity to invest and own shares in the fast-growing TaxAssist brand
(unique 60% franchisee owned network)


More about the business for sale:

This established TaxAssist business was setup by the current owner in 2000. Reason for sale: retirement – providing the purchaser a fantastic opportunity to add significant value to their investment.

Opportunities for growth and further increasing profitability include:

• Add additional profitable services to offer clients and their families
• Attract more local clients with the proven TaxAssist marketing machine
• Seek local fee banks to acquire for rapid growth steps
• Explore our proven outsourcing options to increase profitability
• Expand into another shop front location/buy another TaxAssist practice


Next steps:

Enquire now to find out more.

Property Information

Premises Details:

Shop front location.

Business Operation

Expansion Potential:

Alongside core tax, accounting and advisory services, TaxAssist Accountants can offer multiple additional service lines (TaxAssist Financial Services, TaxAssist Tax Consulting, TaxAssist Payroll Services). These can be introduced to clients and then referred to the dedicated teams of specialists at our Support Centre to undertake the service delivery – helping you create multiple revenue streams for your business.

Reasons for selling:

Retirement

Trading hours:

You should be prepared to work normal office hours (typically Monday to Friday inclusive, 9am to 5pm plus an occasional early evening or weekend appointment).

Employees:
Further details regarding employees will be provided once a signed Non-Disclosure agreement is returned.
Years established:
7

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

The term of the Franchise Agreement is five years, but this is renewable by you every five years for an administrative fee - assuming you have operated the franchise as set out in the Franchise Agreement including meeting your minimum targets.

Other Information

Support & training:

As a TaxAssist Accountant you are in business for yourself, but not by yourself.

The goal is for you to work on the business rather than in it. That way, you’re growing an asset as well as your income.

You’ll spend your time growing your business attracting new clients and leading your team of loyal staff. We’ll guide you every step of the way to maximise both your income and asset value, all you need to do is follow the proven model – just like hundreds of people have before you.

Full initial and ongoing training is provided by the TaxAssist Training Academy. The initial training course lasts for seven weeks and is included in the joining package as are four follow-up training courses that take place once you have been trading for three, six, twelve and twenty-four months.

Ongoing training covering a wide range of technical, management and bespoke courses are available to TaxAssist Accountants and their staff throughout the year and may be delivered either face to face, regionally or online.

Financing available:

TaxAssist Accountants has built excellent relationships with the major banks that have franchising departments in the UK. Once you have attended one of our Discovery Days you will have access to the main contacts that we work with.