£ 19,500 Minimum Investment
The franchise that takes care of business and financial needs
Business & Professional Services, Financial Services
The Financial Management Centre franchise offers you the opportunity to create an accounting and finance management company with complete control over your bottom line. As a franchisee, you will build a database of respected business clients within your territory, drawing on the expertise and support of a trusted national brand.
Founded in 2007, but rebranded to the current name in 2010, The Financial Management Centre franchise offers a full range of B2B accounting, bookkeeping and financial management services for small to medium businesses (SMEs).
Services include accounts, books, taxes, payrolls, credit control, business plans, budgets and projections, and are tailored to meet the requirements of each individual business. TFMC also utilises third-party services where necessary, to offer a one-stop shop for financial services.
The Financial Management Centre franchise takes a traditional approach, with each territory focusing on improving the cashflow and finance management of local businesses. This is combined with cloud accountancy software and the latest digital marketing strategies to offer a wider range of options and attract more clients.
As a TFMC franchise owner, you will be able to use the company logo and branding. You will also be given a full training course that covers all aspects of running the business, as well as ongoing support directly from colleagues, partners and directly from the head office.
The franchise package includes your own business website, phone line and email, as well as access to the company CRM system. A complete marketing launch campaign will boost your presence within your exclusive territory, and ongoing marketing will continue to attract new prospects.
The focus of the financial management centre is to provide high quality accountancy services to local SMEs. As such, you or your staff will need to be fully qualified and experienced in accountancy.
The Financial Management Centre franchise package includes:
Use of the The Financial Management Centre brand
Your own exclusive territory
A professional website, telephone system and email account to run the business
Highly effective launch campaign to raise awareness in your area
Access to tools such as the company CRM system
Ongoing marketing and support
First year’s professional indemnity insurance
Opportunities to form relationships with TFMC national partners
The Financial Management Centre franchise specifically targets the SME market, a market of around 5.6 million businesses in the UK. This gives you plenty of opportunity to develop a strong client base and maximise ROI.
Starting a bookkeeping and financial management company is not always easy, but The Financial Management Centre franchise offers a proven business model combined with strategic online marketing, with the expectation that implementing this model will result in business growth of at least 20 per cent for the first three years.
Though TFMC is better suited to those who have a background in accounting, or who have a strong foundation in business, TFMC offer ample training and support for their franchise, including direct contact with the Head Office, and access to national client accounts.
The training for the TFMC franchise includes a comprehensive schedule that covers all aspects of the business. You will learn how to setup your business, and gain the knowledge and skills that you need to build a database of clients and start making profit. There will also be special events and presentations from guest speakers and experts.
The Financial Management Centre provides ongoing support, including the opportunity to network with other franchisees, and build a direct relationship with the Head Office.
The Financial Management Centre franchise will consider your accounting and business qualifications, background and abilities when you apply to become a franchisee.
In most cases, you will need to have a recognised qualification in accounting, and/or have six years’ worth of experience in the industry. You may be required to produce your practising certificate. You should also be service and sales orientated, and have good communication and people skills.
It may still be possible to become a TFMC franchise owner even if you are not a qualified accountant. In this case, the company will expect proven financial management and business expertise, strong leadership and the ability to run a team. If you are not qualified, the employees in your office will need to be qualified.
Each applicant will go through a process which involves an assessment form and meetings with senior management teams. You will then pay a small deposit to secure your territory. Next, you make a business plan, make the payment, train and then launch.
Every TFMC franchisee is given the right to run the franchise within their own exclusive territory. There are over 450 territories available in the UK and Ireland, and you can search these by region. They are designed to produce the highest ROI.
Each territory has a minimum of 3,000 prospective clients in the area, so you will have plenty of chance to establish your client base and become known as the go-to local financial management service for small to medium businesses.
The total price for the franchise package is a one-off payment of £15,000 plus VAT. This gives you the right to operate The Financial Management Centre franchise for five years, and access to everything described in the franchise package. You will then have the opportunity to renew the franchise for a further five years at no extra cost.
There are no commission fees associated with the TFMC franchise. There may be additional costs for franchise services. Funding is not available, but the company mentions that many banks are willing to lend a portion of the startup costs to their franchisees.
If you are interested in starting a franchise with The Financial Management Centre, you are encouraged to use the form on the right hand side of this page.
For further information, enquire today!
Find more about The Financial Management Centre profit and loss, and the costs involved with franchising
For further information, enquire today!
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