In franchising, much like all small business, success comes down to the numbers, and when it comes to finance franchises, the impact is two-fold.
Aussie entrepreneurs and individuals have traditionally struggled to find the time or energy to get their finances in order, and it isn’t just tax-time we’re talking about. For many Australians, a life milestone like a family holiday, wedding, renovation or a house purchase will undoubtedly mean a trip to the accountant or financial planner is in order.
The ability to get sound advice from a qualified professional has helped many Aussies get their finances back on track, giving way to booming market. Finance franchises allow experienced professionals to utilise their skills in money management to build a new life for themselves and their clients.
But the best part of all, is the price. Unlike fast food or fitness, finance franchises have a typically low capital investment, meaning you can get started in a business of your own for less.
Here, we take a look at three budget-friendly finance franchises you need to know.
Resolve Finance
Kicking off with an investment cost of just $5000, Resolve Finance is not only one of the most affordable finance franchises on the market, it’s one of the most affordable, period.
The brand launched its inaugural franchise model back in October 2017, which allowed the company to expand nationally, offering low-cost business opportunities for aspiring entrepreneurs.
Coupled with an additional franchisee fee of $15,000 to get you underway, Resolve provides access to a world-class technology platform and a panel of more than 25 lenders.
Franchisees also receive access to a dedicated call centre, intranet and online support to ensure they are supported throughout the entire franchise journey.
Shoebox Books
Unique bookkeeping franchise system Shoebox Books provides aspiring entrepreneurs with flexibility and financial freedom, thanks to its low-overhead model.
The delivered system sees franchisees offer clients an affordable fixed price to do their books on a monthly basis. Unlike other finance franchises, where operators need to prepare books at the client’s premises, Shoebox franchisees collect the receipts and statements before preparing BAS, profit & loss statements in their own time.
Aside from the obvious advantages of the model, Shoebox also has one major drawcard; the price. Franchisees can buy into the model for as little as $29,990 plus GST.
Partners than pay an ongoing royalty fee of $450 or seven per cent of gross monthly income, whichever is greater.
H&R Block
Global icon H&R Block is one of the most successful finance franchises worldwide, and for good reason. Backed by a strong image and positive brand reputation, the financial services provider has built a system that supports and encourages franchisee growth.
All H&R Block partners receive national television, digital and local area marketing support, along with extensive new employee and professional development training, and incentives to grow.
Aspiring franchisees must be registered as an individual tax agent with the Tax Practitioners Board, have a minimum of three years’ experience as an owner/operator or practice manager operating a tax return preparation and accounting business in Australia and have an unblemished licence record.
The franchise is seeking regional and community focused franchisees to lead H&R Block into the future.
Finance franchises
If you love the numbers and know what it takes to stick to a budget, chances are small business is for you. While many opportunities are on offer, it pays to play to your strengths, which is where finance franchises come in handy.
An existing finance professional can take control of their future with the backing of a recognised operator. If you have the experience and the drive to make finance your future, consider of one of these options is for you.