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Profitable Taxassist Business In Birmingham Worcestershire Borders For Sale

West Midlands, UK
Asking Price:
£125,000
Sales Revenue:
£107,000
Cash Flow:
Available on request

Confidential sale of a profitable multi-service TaxAssist accountancy and advisory practice in an excellent shop front location in a popular area of Birmingham and Worcestershire Borders.

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.

- Serving 182 local clients
- Gross annual recurring fees of c.£104k
- Owner/director role for buyer
- A practice ready for further growth and expansion

From our decades of experience successful TaxAssist franchisee business owners 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 2009. 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 information.

Business Operation

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.

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.

In most cases, we anticipate franchisees will renew the Franchise Agreement to continue the franchise every five years until they dispose of it at some future date. We also now offer at our discretion a ten year plus Franchise Agreement.

Other Information

Support & training:

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 franchise fee 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 Franchisees and 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.

Website:
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    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you inquired on to finance specialists Bowmore Funding. They will contact you about financing your business purchase.

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