Accounting & financial services franchises offer professional support for small businesses and individuals, including tax filing, bookkeeping, payroll, and advisory services. These franchises are ideal for finance-savvy entrepreneurs looking to serve local clients with year-round, high-demand services and recurring revenue potential.
Advantages of Accounting & Financial Services Franchises
- Steady Year-Round Demand
- B2b and B2c Client Base
- Recurring Income Streams
- Low Overhead
- Strong Support & Systems
Franchises by Country and City
Country | Approx. Number of Financial Service Franchises | Popular Types |
---|---|---|
United States | 7,000+ | Tax Prep Centers, Bookkeeping Firms, Cpa Support Services |
Canada | 1,500+ | Tax Filing Outlets, Business Consulting, Payroll Services |
Australia | 500+ | Small Business Tax Centers, Mobile Accountants, Bas Agents |
United Kingdom | 1,000+ | Bookkeeping Franchises, Vat Filing Support, Financial Coaching |
India | 500+ | Sme-Focused Consultancies, Gst Filing Hubs, Outsourced Accounting Centers |
Frequently Asked Questions About Accounting & Financial Services Franchises
Q1: Do I need an accounting background to own one?
A: Not necessarily. Most franchises provide comprehensive training and hire qualified staff or CPAs as needed.
Q2: Are these franchises seasonal like tax season?
A: While tax season brings peak revenue, services like bookkeeping, payroll, and advisory are needed year-round.
Q3: How do these franchises get clients?
A: Franchisors provide lead generation, local marketing strategies, and tools to help franchisees build their client base.
Franchise Comparison Table
Franchise | Initial Investment | Royalty Fee | Estimated Payback Period |
---|---|---|---|
Happy Tax Franchise | $30,400-$66,500 | 10-20% | 12-18 months |
Padgett Business Services | $20,200-$99,975 | 9% | 18-30 months |