Purchasing an existing TaxAssist Accountants franchise represents an excellent foundation upon which a new franchisee can further develop an established business with an income stream from day one.
When you buy an existing TaxAssist Accountants practice you are investing in a ready-made business with premises, brand presence, staff, and practice management systems in place. An established practice can provide the following advantages:
Income stream
An established, profitable TaxAssist Accountants practice will offer a diverse client base providing an income stream straight away.
National brand
You will be able to benefit from the goodwill and reputation of the TaxAssist brand already being established and well-known in the area to help create further demand.
Potential
As the business is established with proven processes working and clients in place, your focus can move quickly to growing the business and taking it forward. You are in a strong position as a new owner with a clear vision to look at new marketing opportunities and how you can maximise the potential within the territory. There can be huge scope for an energised individual with ambition and drive, to grow the business further. Options for development include adding further shops and satellite offices within the territory to fully utilise all the population on offer.
Experienced staff
Most TaxAssist Accountants practices for sale will have experienced, well-qualified staff who will be involved in the day-to-day running of the business. Many will have strong relationships with the clients, dealing with them on a regular basis which will aid the transition to a new owner.
Support and Training
All new franchisees joining the network will have access to all the support and training on offer. Our experienced team will be on hand to assist and support as you take over the practice and will guide you as you develop your aspirations and plans for the business.
Reduced Risk
Investing in a franchise limits the risks involved in business as you will be investing in a proven business model and operating system. Banks are supportive of our franchise and will lend 70% of the total investment for both resales and new areas.
Bank funding for resales
To help you secure funding for your resale, we have developed a relationship with Bank of Ireland. We work closely with our designated relationship manager and his team to ensure they are properly briefed when they meet with you.
As we are experiencing growth in our economy, we're pleased to say that every franchisee requiring funding whose business plan has been signed off by ourselves has received the funding that they required, with franchisees borrowing 60 to 70% of their funding requirements.
Facilities include:
- Highly competitive rates
- Fixed and variable rate loans
- Committed overdrafts
- Business charge cards
With a TaxAssist Accountants resale, you will need to take into consideration the price of the business, as well as the franchise fee, as part of your total investment. Our franchise fee for a resale is reduced to €19,975 + VAT, with an ongoing Management Service Fee on a sliding scale from 9% down to 1%. We will work closely with you throughout the business planning stage to create a plan that is realistic and establishes the right level of investment for you.
