Earning Potential
By following the business model and taking a proactive approach to marketing, you should be attracting clients at a considerable rate. Our average Franchise can potentialy makes 400k+ per annum, highlighting the potential rewards you could enjoy.
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Haroon was fantastic in is assistance. I'm grateful for his help and hop to continue using his service.
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Excellent service and loads of knowledge, very fortunate to have Haroon looking after my business financials. Highly recommended.
Turnover & Clients
After five years, depending on your own ambitions, it is possible to aim for 400+ clients with a turnover of $400,000 upwards. Some franchisees are happy to maintain this level, comfortable with both the income generated and being relatively light touch on the business, while other franchisees continue to work full-time on the business pushing it past the $500,000 turnover level.
Profitability
Our training covers the staffing requirements for your business and we expect a third of your turnover to cover staff costs, another third to cover the other costs associated with running your business and the final third being your profit. Franchisees embracing efficiencies can increase profitability to 40%.
Building an asset
As well as the profits that you should earn whilst you are a franchisee, you are continuing to build an asset for yourself with a strong sales value. The clients you engage belong to you and are yours to sell when the time is right for you to exit The Taxation. A well-run accountancy practice generally has more buyers than sellers and the Taxation brand is proven to add value – the current industry average for accountancy practices is 0.8-1.0 times gross recurring fees, whilst our franchisees are achieving multiples of 1.4 times gross recurring fees.
Are you asking yourself:
- How do you start an accounting business?
- How to run an accountancy practice?
- Where can I get help starting an accounting practice?
- How to double my accountancy practice?
- How do I become a The Taxation franchisee?
- How to set up my own The Taxation firm?
- Can I use my own business name and use The Taxation Tax Portal?
- Speak to our Australia Franchise Recruitment Manager today and let's discuss the answers to your questions.
