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A fantastic resale opportunity, with an exciting potential for further growth, is available in one of our Franchises due to retirement. The practice is based on the beautiful south coast in East Dorset.
The franchisee started in 2007 and operates from a shop front location on a busy main arterial road, surrounded by independent businesses. The practice services around 350 clients, many of whom are longstanding and loyal, and enjoys a consistent growing turnover with gross annual recurring fees of circa £243,000.
The premises, which are exempt from business rates, are owned by the current Franchisee and the market rent is currently £10,000 pa. Any purchaser would have the benefit of a ready-made business, complete with experienced staff, IT and telephone systems and office furniture.
This is a golden opportunity for a new franchisee with energy and drive to develop an established growing business further. It provides the perfect springboard to add multiple shop units and satellite offices to fully develop an extensive territory.
The existing Franchisee has done little active marketing, save what the Franchisor provides. The business has however enjoyed consistent organic growth, with the majority of new clients from local recommendations, walk-ins and inbound leads generated from being part of the franchise. The business has a good local reputation with a relaxed, friendly and professional ethos, leading to high client satisfaction rates. With the support of good working practices and systems already in place, and by using a variety of marketing initiatives, there is huge potential to drive this business forward.
The business is offered as a successful going concern within the TaxAssist Network and the purchaser will become part of that network of accountancy practices.
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