Success Tax Professionals

Business Services

Success Tax Professionals franchisees provide Accounting, Tax and BAS services typical of a suburban professional public practice. Tax Agent status is not required to join the group, but being prepared to complete any required formal units after joining and being active in working on the business is essential in order to work towards achieving status in a reasonable period of time. A minimum of an Australian Diploma in Accounting and 12 months Australian accounting experience is required. Tax experience is not essential (we can train you in this). Intensive on-going training, mentoring/coaching and support is provided.

Area
Business Services
Business Established
2003
Units / Locations
62
FCA Member
Yes
Multi-Unit Ownership Allowed
No
Agreement Terms
20 years and renewable at $0, early exit options available
Royalty Fee
6% - 25%
Average Set up Time
1 week
Ratio of Support Staff per Franchisee
Varies on needs basis

Initial Investment

$15,000

Training

Induction and familiarisation training is provided on joining. Thereafter all accountants attend a minimum of 30-60 hours of company provided training (at no extra cost). This training is spread over the period February to November each year. Training is therefore on-going and continuous with a focus on technical, business development and best practices. Franchisees also receive technical support as required via phone and email.

Marketing Support

$1000 advertising credit is allocated on joining the network to assist with starter advertising by the franchisee. In addition to this the franchisor invests 2% of gross fees into brand advertising for the network. Franchisees must be prepared to advertise geographically and have funds for this purpose and view it as an essential and on-going requirement to expand their client base.

Business Model

Suits Non-Tax Agents and Tax Agents. Franchisees can initially work from home or via mobile services for up to two years after commencement and may also work on a part-time basis. Within two years the franchisee must be working the business on a full-time basis and from approved commercial premises. Being able to commit to attending the company training programmes is essential. Franchises are available Australia-wide. There are no fixed territories which therefore allows franchisees to obtain clients from a wide area. Restrictions are placed on not allowing more than one commercial office per suburb (excludes CBDs).

Main Cost

Rent of commercial office (Note: home based office/mobile services is permissible for up to two years) - Advertising - Office fit-out, computers and furniture

Main Products or Services

Accounting/bookkeeping - Tax - BAS

Future Plans

Success Tax Professionals's plans include continuing to expand its franchise network and systems. Uniquely the franchisor is active on a full-time basis in providing, developing and improving training, supervision and support without competing priorities to affect this.

Testimonials

"I joined the network in 2012 with mainly accounting experience and some tax experience. I was committed to developing my business from commercial premises and chose an affordable place in Parramatta. In 2014 I achieved tax agent status. In 2015 I entered into an expansion option with another franchisee and we have purchased clients together which will greatly benefit both of us. The support, training and opportunities in Success Tax Professionals are very unique and tailored."
 
Apurv Bhalla
Parramatta, NSW
MY SHORTLIST