Top 4 Finance Franchises in the UK
Elliott Fudge, writer
Finance is the bread and butter of the business world. From helping businesses process their invoices and ongoings to helping others chase those elusive profits, running a finance franchise is a one-way ticket to success.
But with so many different finance franchises already out there, how can you choose which franchise is the best option to help you make a career change? If you’ve noticed that this sector is on the comeback trail, have an eye for numbers and are keen to start your own business, this article is for you. We’re going to run down some of the most attractive and fastest growing finance franchises in the UK to give you an idea of which franchise is right for you.
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Why start a finance franchise?
From helping businesses manage their finances properly to knowing the ins and outs of how businesses can build winning financial strategies, knowing your numbers is the key to every business.
If you’re comfortable processing people’s finances on a daily basis, you could be the perfect franchisee. In the UK, there are lots of different franchises who help other businesses make a profit, while generating plenty of their own, as well as other independent franchises who work across a number of different sectors.
If you’re looking for a new challenge and are ready to put your financial skills to the test, why not become a finance franchisee?
Franchises in the financial sector
1. TaxAssist Accountants
TaxAssist Accountants is the largest network of accountants in the UK dedicated to solving the financial issues of small businesses and self-employed individuals. From playing an important role in helping your local community’s businesses thrive to turning an exciting revenue from the get-go, TaxAssist could be the ideal franchise opportunity for you.
Boasting a unique shared ownership model, you’ll be working as your own boss and calling many of the shots, while still enjoying the proven business success that TaxAssist offers you.
- Becoming a TaxAssist franchisee: If you have a background in business, accountancy or finances, you could be the next franchisee to join this exciting business.
- How much do you need to invest: You will need to make a minimum investment of around £39,950 + VAT to become a TaxAssist franchisee.
- How much training and support is on offer: Thanks to the part ownership model employed by TaxAssist, you’ll benefit from extensive training that is designed to help get you up to speed and running your business smoothly. Bespoke training and technical support is on offer to you through the franchise’s training academy.
2. Certax Accountants
Certax is one of the leading independent Accountancy and Taxation Franchises in the UK. By joining this franchise, you will benefit from the extensive and proven business model, as well as enjoying the business’ resources and expertise - all designed to help you run an excellent accountancy franchise.
- Becoming a Certax franchisee: If you have a basic understanding of accounting, the desire to successfully run your own practice, and have sufficient working capital, you could be the ideal franchisee.
- How much do you need to invest: You will need to make a minimum investment of £9,995 + VAT, as well as franchising fees of £14,250. In two years, you can look forward to potentially earning a revenue of £75,000.
- How much training and support is on offer: There is a comprehensive training package given to you, culminating in four weeks of industry-leading training. You will also receive ongoing support even once you’ve opened your doors.
3. Brokerplan
Brokerplan is one of the country’s most trusted financial brokers, helping businesses find funding for their ideas from an unrivalled portfolio of High Street Banks and alternative financing methods including Peer 2 Peer, FinTech Solution, Revolving Credit and Private Funds. From loans of only a few hundred pounds to sometimes even millions, this broker franchise matches innovative business ideas to the right financial backing.
- Becoming a Brokerplan franchisee: As long as you’re prepared to learn quickly and give it everything, you don’t need previous experience in finance to get started.
- How much do you need to invest: You will need to make a total investment of around £15,995 - but after two years, you could be earning a revenue of around £150,000.
- How much training and support is on offer: You’ll receive a comprehensive training package that will get you up and running as a finance broker in just a few weeks, covering every aspect of running your very own Brokerplan franchise.
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4. Aspray
Aspray helps policyholders find the right ways of making their claims. The world of home insurance and making claims can be overwhelming for homeowners already navigating a challenging environment, so Aspray franchisees take away the stress. Managing claims and insurance on behalf of your clients, you’ll be playing an important and profitable role in your local community.
- Becoming an Aspray franchisee: Only the most suitable franchisees are able to become a franchisee. While you’ll need to have enough working capital to get your business started, you will ideally have some background in finance.
- How much do you need to invest: You’ll need to make a minimum investment of around £15,000, as well as ongoing fees of £28,000 + VAT.
- How much training and support is on offer: You will be invited to attend a 10-day induction training, taught by company and industry experts in all aspects of managing and growing your business. This initial training is in line with British Damage Management Association (BDMA) standards, who are the leading professional body in property restoration.
Find a finance franchise for you
Finance franchises make most industries tick. Often working behind the scenes to help businesses carry out their essential needs, you’ll be helping businesses in your local area to grow. For profits and rewards, consider whether you’re a good fit for a finance franchise. Or if you’d rather explore other opportunities, have a look at the UK franchise directory.
Elliott Fudge, writer