A stable and profitable business with an excellent local reputation and experienced team, this is a franchise with strong foundations in place for a new owner to drive further growth and asset value.
The current owner is retiring, having run the business since 2010.
This is an opportunity for the financially astute, someone with ambition and an uncompromising approach to provide excellent service.
You’ll need to be a strong leader, managing a small team of professionals; and have great people skills, adept at building relationships with clients.
About the business
The business provides personal advice and guidance to small business owners, freelancers and their families from a welcoming shop front premises and a visible office location. This advice is wide-ranging, from simple tax planning to business development, cash flow and growth planning.
This gives you personal as well as professional satisfaction as the owner: you’ll change lives and livelihoods.
Your team carry out the client work; your role as the owner is to drive growth and development through activities such as networking, building strong relationships with your clients.
With an established location and a stable team in place, this well-run, modern accountancy & advisory practice has exciting potential for continued further growth within the territory.
The business services around 598 clients with gross annual recurring fees of circa £480k and has consistently enjoyed year-on-year growth in sales. It enjoys an outstanding reputation locally and is well-known in the small business community it serves.
The practice is part of the multi-award-winning TaxAssist network of franchises: the owner benefits from outstanding systems and IT, comprehensive training, and ongoing business & marketing support from a dedicated and experienced team at TaxAssist’s Support Office.
Growth opportunities
Significant growth potential exists to build on the current client base, including:
• Growing the number of services offered to clients: some of these services can be added without incurring significant operational overheads, because they are provided through TaxAssist’s Support Office teams
• Seek local fee banks to acquire for rapid growth
• Explore our proven outsourcing options to increase profitability
• Expand into another shop front location/buy another practice
Additionally, because TaxAssist is majority-owned by franchisees, there’s an internal share market where you can invest not only in this business, but in the TaxAssist Group itself – a growing global brand which has recently expanded to the US and Canada alongside operations in Ireland and Australia.
About taxassist
TaxAssist Accountants was founded in 1995 by a group of dedicated professionals and based on a concept that was, and still is, fundamentally simple: to bring first-class professional services to the small business owner.
One of the UK’s most decorated franchise brands, TaxAssist is the UK’s largest network of accountants dedicated to the small business market, with over 77,000 clients.
Our aim is to continue to expand in a controlled manner to support a network of people all working hard to succeed in both financial and personal terms.
TaxAssist regularly receives awards in the accountancy and franchising arenas, and is proud to receive such recognition.
However, our greatest reward is seeing our franchisees' businesses grow.
