Landmark sale for TaxAssist Accountants franchise owner
TaxAssist Accountants, which provides tax and accountancy services to small businesses, has bucked the trend of high street failure by reaching a landmark £1 million resale for one of its high street accountancy practices.
Established in 1995, TaxAssist Accountants aim was to create an accountancy business that offered a welcoming, straight-talking approach, with accountants in shop-front offices right on the high street. Now with more than 200 offices and over 42,000 small businesses clients in the UK, the network has made its first million pound resale – achieving a multiple of 1.25 against an accountancy industry average of 0.8 to 1.0.
Karl Sandall, Chief Executive of TaxAssist Accountants said: “Clearly we are thrilled to have achieved this landmark sale; it is a testament to the strength of our business model that we are achieving these kind of resale figures and still achieving double digit growth year on year.
“Three years ago we successfully exported the model to Ireland and now have our eyes firmly set on Canada, the U.S., New Zealand and Australia. Having an international presence can only help increase the value of our brand.”