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Profitable Taxassist Business In The South Central Area For Sale

UK
Asking Price:
£504,000
Sales Revenue:
£356,000
Cash Flow:
Available on request

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 531 clients with gross annual recurring fees of circa £359k 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.

Property Information

Location:

The franchise operates from a shop front and visible office location.

Premises Details:

An established shop, complete with furniture, IT and telephone systems, any purchaser would be walking into a ready-made business.

Business Operation

Expansion Potential:

This is an excellent foundation upon which a new franchisee can further develop an already substantial business in the area.

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:
11

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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