Achieving a viable and successful business operation can take years of hard work and perseverance. Before proceeding with the complex steps of taking your business to the next level by franchising your operation, you need to make sure the professionals you engage with understand this unique industry and can provide the correct advice.
Issues and Challenges
Structuring your business correctly is 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 considerations and long-term plan.
Many business operators have very little capacity and as such, neglect to set in place a plan for their budgeting and cash flow needs. We understand the costs involved in developing your franchise system and can provide assistance in this area. Your comprehensive Budget & Cashflow plan will also take into consideration your general operating costs and taxes so there are no nasty surprises along the way. Additionally, as your franchise expands, we can assist your franchisees in areas such as tax compliance, acquisition/set-up and applying for finance.
Services and Expertise
We are able to provide advice 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 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.
Our association with industry specialists 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 trends/issues ensures our provision of specialist advice and services to franchisors 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 into a franchise structure and growing their business.
If you’re considering growing your business through franchising, or you’re a Franchisor in need of specialist advice, contact us today for an obligation free discussion.