Achieving a viable and successful business operation can take years of hard work and perseverance. Before proceeding with the complex steps of franchising your operations you need to make sure the professionals you engage understands this unique industry and can provide the correct advice to take you and your business to the next level. At Walsh & Walsh we have experienced accountants with a wide range of franchising experience involving both franchisees and franchisors.
Our regular association with industry professionals such as lawyers, bankers, and business brokers keeps us at the forefront of latest trends and developments in the franchising industry. This commitment to keeping up to date with industry related issues ensures our provision of specialist advice and services to franchisor's is of the highest quality. We like to think the personal service and professional approach we provide, gives our clients an added advantage in progressing and growing their business.
Issues and Challenges
The ever increasing litigious nature of our society combined with complex tax legislation makes structuring your business correctly a vital aspect when looking at establishing a franchise business. Ensuring maximum asset protection and minimum exposure to personal liability combined with the most efficient tax outcome is a critical component of our service offering. In addition, we work closely with your legal advisor to ensure the value of your Intellectual Property (IP) is protected and forms part of your business structure and long-term plan.
Many business operators have very little spare time to commit to setting in place a plan for their budgeting and cash flow needs. We understand the costs involved in taking that next step or developing your franchise system and can provide professional assistance in this area as well as planning for your general operating costs and taxes. Additionally, as your franchise empire expands, we can assist your franchisees in areas such as tax compliance, acquisition/set-up and applying for finance.
Services and Expertise
Our experience includes providing services to franchisors in all areas of the industry. We are able to advise on all facets of your business to ensure ease of compliance and attendance to the following:
- Structuring for asset protection and tax minimisation
- Due Diligence
- Valuations for bank/sale purposes
- Budgeting and cashflow planning
- Assistance with all accounting and income tax matters
- Strategic financial assistance including planning for expansion, succession, and sale
We value our clients and look to ensure a long-term client-accountant relationship to assist you in accumulating your net wealth.
Walsh & Walsh provide a range of quality services to franchisees. Our focus from the beginning is to assist you in ensuring you have viable and profitable business model that meets your expectations. As part of our service offering to new franchisees we can perform the standard due diligence as well as post acquisition cashflows and budgets so owners and financiers can see clearly how much cash is required and the expected margins in the business.
We are continuously developing three way relationships with franchisees, the franchisors and their preferred lenders, which places us in a strong position to assist you in your finance application and business purchase. Our relationship with franchisors provides us with ongoing and up to date information on some of the most popular franchise systems and their performance. We are also included on bankers internal panels for completing valuations of franchises.
Our service offering for franchisees includes but is not limited to:
- Structuring advice (consideration of asset protection and tax minimisation)
- Due Diligence
- Pre and Post-acquisition cashflows & budgets
- Assistance with finance applications
- Assistance with GST reporting, payroll and general bookkeeping
- Year-end compliance
- Business Valuations
- Assistance with selling your franchise