The Abacus Network Franchise
The abacus network accountancy franchise is an associate member of the British Franchise Association. The abacus network offers a unique franchise opportunity designed to help generate a thriving business for qualified accountants.
The success of the pilot scheme, which commenced in 2002 and operated for 2 years, gave abacus the confidence to launch the franchise in September 2004 and has since steadily increased its number of franchisees.
From our experience companies demand professionalism of the highest quality and value for money. We believe this can only be achieved by recruiting experienced qualified accountants.
By buying into a franchise your business is backed by a proven model, which is well marketed and supported by a team of experts at head office. It will benefit from a national brand, whilst being able to tap into other Business and Financial Support Services from the abacus network group, and as part of a nationwide operation you are well placed to contend with any high street competitor, regardless of size.
This is why we decided that, unlike other accountancy franchise opportunities, the abacus network franchise would only be offered to qualified accountants.
You will have automatic access to a tried and tested business model, be able to obtain help from a peer group of likeminded accountants, who are also part of the network, whilst also having the independence of running your own business.
200 franchise territories nationwide have been identified following extensive research developed from working closely with Overview Mapping, a company approved by the British Franchise Association to ensure territories are fair and equitable for all potential franchisees, with each territory exclusive to one of our abacus franchisees, giving your company a national brand.
Each territory has 10,000 registered SME companies (of which up to 5,000 are over the VAT threshold) offering each franchisee an equal opportunity to grow their business.
We have our own abacus dedicated Marketing and Call Centre to generate business appointments for you. In the first year you are guaranteed 120 prospective new customer appointments. In addition, you can generate further income as an Introducer to any of the abacus network services including Employee Benefits, Health & Safety, Credit Management, Human Resources, Quality, Pensions and Insurance, to name a few.
By simply introducing clients to our strategic partners, there is the potential to increase your turnover by as much as 10 to 20%.
abacus has support centres taking care of incoming calls and office administration, as well as providing franchisees with a tax department and payroll bureau.
You have the independence of running your own business, with day-to-day activities dealt with by support centres, thus keeping your overheads to a minimum.
Training and Support
Backed by a well established team of advisers in all areas of accountancy, business and finance, you will receive:
- Prior to joining, a personal face-to-face presentation by our abacus experts to explain all aspects of the opportunity
- A comprehensive training programme in operating and marketing your franchise business, with on-going support as and when you need it
- In addition you will be supported by
- On-going seminar programmes
- Training manuals
- Corporate brochures
- Corporate stationery
- Extranet access to exclusive franchisee information and data
- Regular e-newsletter
- Free helplines for tax, legal, health and safety, HR, and VAT, to name but a few
Each exclusive abacus franchise territory is offered at £26,000 per franchise and includes a royalty fee based on annual turnover thereafter.
Each territory is franchised for five years with a nominal renewal fee thereafter.
Compare this against your potential annual turnover, plus the opportunity to generate additional income as an abacus network Introducer, and it presents an opportunity not to be missed!
Each franchise is set up as a limited company, and as part of abacus, subject to personal circumstances.