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The Financial Management Centre
The Financial Management Centre
Minimum Investment: £19,500
The Financial Management Centre are one of the leading financial management consultancies in the UK
Best Financial And Accountancy Franchises For UK Franchisees
Financial and Accountancy franchises are probably the best candidates to demonstrate that a home-based franchise business can definitely ‘take off’.
Almost all financial and accounting franchise opportunities let you run your business from home. This, combined with investment levels that lie towards the lower end of the spectrum, means that there are many good options for you to choose from. On this page, we have compiled a comprehensive list of some of the most popular financial and accountancy franchise opportunities in the UK.
What Makes Financial And Accounting Franchises Popular?
As a financial and accounting franchise, you’ll be targetting a very specific set of customers – local businesses and high net worth individuals.
Offering services that are indispensable means that a typical financial and accounting franchise doesn’t really have to worry about market movements and trends. As long as you can build a base of loyal customers, you’ll generate consistent, steady and reliable income that can not only supplement but potentially replace your job.
The UK accounting industry, on its own, generates over £5.5 bn in revenue each year. Despite the presence of a handful of large players, the industry is very much open to smaller, more localised businesses – a promising sign for franchisees looking to invest in financial and accounting franchises UK.
How Much Do Financial And Accounting Franchise Opportunities Cost?
When you invest in a financial and accounting franchise, you essentially invest in a proven, fine-tuned business model. The franchisor brings on board, along with their business model, a good deal of experience in offering various services.
Our survey of numerous financial and accounting franchises operating in the UK reveals that you will need to invest £20,000 to £40,000 to get your business up and running. Many franchisors in this sector also offer third-party franchise finance assistance.
You Don’t Always Need To Be A Certified Accountant
To run a financial and accountancy franchise business, you don’t necessarily need to hold relevant professional qualifications. You will, however, need to be a certified professional if you’re going to work on client cases.
While we do come across many accounting franchises being run by investors who employ certified professionals to handle their clients’ requirements, the norm is for a certified accountant to work on their own in freelance/retainer capacity.
Being Home-Based Gives You An Advantage
Running your business from your home allows you to be flexible in terms of commitment and future reinvestments.
You can choose to run your accounting business full/part time, balancing the rigours of business with your job and personal life.