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The Rewards and Finance of Running a Bookkeeping and Accountancy Franchise

We have a unique pricing structure and brand strategy which enables you to charge a premium fee for your service. This is due to the service being branded, professional, respected and designed to add value to your customer's business. This is a major advantage, allowing you to potentially earn higher annual revenue than if you were an independent bookkeeper.

As a franchisee of The Financial Management Centre, you have the potential to either add over £100,000 to your current bookkeeping/accountancy business, or start up your own bookkeeping business and have a large turnover within 3 years. This, of course, is dependent upon your own personal situation and efforts.

All projections are based on the franchisee conducting 30 hours per week of service delivery.

  The Financial Management Centre Franchise

Note: Net Profit is prior to franchisee remuneration, repayments on capital, and bank charges.

The figures above do not include any existing fees receivable. Please note that the figures provided are based on our own performance and that of our pilot operation and should not be read as an assurance that you will achieve the same results. Your success will obviously depend on your own hard work and commitment, local market circumstances and general economic conditions. Neither The Financial Management Centre nor any of its directors, employees, professional advisers or associates makes any representations, warranties or guarantees as to the reasonableness or accuracy of the financial information provided, nor any of the assumptions used.

The Cost and Fees

Franchise Fee

This is a one-off fee which funds the franchise package, gives you the necessary training and provides you with a launch campaign - please refer to the packages page for more information on the franchise fees. This grants you the right to operate as a franchisee for 5 years and is renewable for further periods of 5 years, at no additional cost.

N.B - We have arranged a specialist franchise finance package with NatWest bank and other retail banks to help franchisees raise a business loan, if required.

Management Service Fee (10%)

This royalty fee is paid on all new gross sales as a result of operating as a franchisee. 
 
Continuous rights to use your unique brand identity The Financial Management Centre and its services.
  • Ongoing right to use the registered trade marks.
  • A presence on a national corporate website which provides ongoing leads.
  • Access to franchisee-only extranet, known as the ‘Knowledge Portal’, which will be frequently updated with manuals and articles on best practice.
  • Frequent technical updates in related areas.
  • Use of online support service.
  • Sharing of best practice.
  • Strategic and tactical marketing planning support.
  • Public relations service where we manage the public relations of the brand on your behalf.
  • Media buying service to ensure your get the best advertising rates.
  • Technical support from qualified accountants and bookkeepers.
  • Constantly improved and developed, operating manual, which is updated online.
  • Proactive business support from our franchise support team.
  • National account co-ordination of relationships, with various national and financial institution, businesses.
  • Key performance measures are checked against your business and relevant support is provided.
  • Development visits from The Financial Management Centre UK support staff throughout the year.
  • Assistance with any questions on any aspect of your Franchise.
  • An objective mind to bounce ideas around.
  • Any leads which come through from our vast network of contacts.

(please note - Entry Package franchisees will have a fixed fee for Year 1 of £250 per month, then convert to the 10% Management Service Fee)

For existing firms with an existing client base

Management Service Fee (1-2%)
This is a royalty fee paid on your sales generated from your existing clients for Year 1 only (if applicable) and then transfers to 10% in Year 2.