Starting a financial franchise business

Starting a financial franchise business

There are many options to choose when entering into the financial and accountancy franchise industry, such as business cost management consulting franchises, accountancy franchises, tax preparation franchises, financial advising franchises, loan franchises and mortgage franchises.

Entry into this industry is fairly easy and financial services franchises usually have high earning potential, as many of their clients are businesses.

These franchises are for to those who want to utilise their financial or accountancy skills and have automatic brand name recognition and support that helps build a successful business from the begining. People who have an entrepreneurial spirit and are attracted to the financial sector but don’t have experience are also great candidates, as franchises provide them with training on how to run the business as well as providing crucial information on the financial market itself.

Once you decide on a franchise that matches your interests, make sure to enquire about important details. Ask how much is the initial investment, if they help you obtain capital and do you have enough working capital on hand for your personal expenses during the initial months of starting the franchised business.

Enquire about projected earnings as well as actual earnings results from their other franchisees, which will give you a realistic idea of what you can expect to make.

Find out about what kind of initial training and set-up assistance they provide, as well as what kind of ongoing training and support they will provide. Most franchises will teach you about the business itself, how to run it, how to use any products or perform any services the business offers, how to hire and manage employees and how to market your business. Make sure you can expect ongoing telephone support and a way to communicate and network with fellow franchisees.

When you are ready to sell your franchise, you want to know your options. Find out how long your contract lasts and if there are any specific rules to when and how you can sell a franchise.

Make sure you’re convinced the financial services and accountancy industry is for you.

Financial franchises in UK

Financial franchises in UK

The UK is an important center of global financial services. The financial services in UK represent the 12% of the GDP and this trend is growing. No matter the state of the economy, financial services are in high demand.

There is a need for financial service and accountancy franchises, especially since individuals and businesses need their taxes prepared, advice on financial matters, firms to take care of loans and mortgages, accountancy assistance and cost management consulting. This wide range of options within the financial and accountancy sectors indicate there are a varied number of franchises available to entrepreneurs who want to pursue specific markets.


Service oriented entrepreneurs are the perfect candidates for these franchises, as many financial franchises require interaction with clients.

Financial franchises also provide all the training necessary to run a successful business.

Financial Services Franchises

Financial Services Franchises

Franchises that offer financial related services such as income tax preparation, wealth preservation, accounting, business consultancy and consumer insurance services generally enjoy very high profit margins for a number of reasons.

This includes low overhead expenses because of generally lower staffing requirements and no absolute need to rent high traffic and expensive retail space.

They offer professional type services the barrier to entry is a little higher. And financial franchises like insurance and tax consultancy franchises offer services that have the ability to generate repeat and residual income.