ONLINE ACCOUNTANCY PRACTICE CheapAccounting.co.uk has launched a ‘Dragon’s Den’ style accountancy franchise.
The new concept, which takes its inspiration from the well-known BBC show, requires no upfront investment from the franchisee, with CheapAccounting.co.uk taking a stake in the business and providing support by way of marketing, new client enquiries and mentoring.
The stake can be reduced or eliminated in the future by way of a predefined buy out model.
“I think our unique Dragon Accountancy Franchise is a fabulous opportunity for those who really want to make a success of their accountancy business but are nervous about getting started or have an existing practice and have lost their way a bit,” said Elaine Clark, managing director of CheapAccounting.co.uk.
“There is still a view held by some that a franchisor is just there to collect a huge fee from the franchisee and do nothing in return. We’ve put together Dragon to dispel this. We’ll only get a return if the franchisee’s accountancy business is a success.”
The official launch of the CheapAccounting.co.uk Dragon Franchise will take place on 1 September 2014.
Under the deal, Blick Rothernberg will sit within HgCapital’s Services sector but will retain its name and way of doing business
Despite concerns over the viability of BHS, advisers including Grant Thornton were paid in the millions of pounds for their roles, according to the Work and Pensions and Business, Innovation and Skills Select Committees
Most firms set up ‘emergency’ Brexit task forces within hours of the ‘leave’ result announcement, but how are they responding now?
Manufacturer DMG Steelworkers has been sold out of administration in a pre-pack deal by insolvency and restructuring firm CVR Global