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What makes SBA franchises so successful?
We question the traditional methods and attitudes of the accounting profession, SBA seeks to provide a friendly one on one service, regular reports to clients through monthly processing of accounts, and at a cost which doesn’t break the bank. Our “shop front” sites are designed to create brand awareness, and be inviting for prospective clients.
The Services :
Small Business Accounting (SBA) has developed a supportive accounting service for the self employed, partnerships and small private limited companies.
SBA challenges the traditional method of accounting services, provided by most accountants.
It considers “year end only” accounting as totally inappropriate in today’s business environment.
The SBA monthly service is designed to give clients on-going support, and to keep them informed (progressively) of their businesses profitability. It allows SBA to monitor the business on a regular basis, and to give advice at a time that it is pertinent.
From as little as $150 per month, which is competitive with the “traditional year end only providers”, SBA processes the client's work monthly, providing for the client monthly profit summaries, calculates GST returns, produces both Quarterly and at year end Profit and Loss Statements, Balance Sheet, Depreciation Schedule; and prepares the client’s tax return.
The service appeals to small business persons, who are attracted by the regular contact with their accountant, appreciate the receipt of topical trading information and advice, and relieved at knowing that GST returns are prepared as part of the service. The monthly fee structure helps with budgeting.
SBA has become a specialist in rental property accounting. Few accounting companies are promoting this aspect, and the identification of this market niche is proving very successful.
The Company operates a payroll service for it’s clients.
Franchise Locations :
Overseas, sites have been established in high pedestrian traffic areas, to achieve maximum exposure. Market research clearly indicates that most existing accounting practices are not visible, and in addition seem reluctant to promote their locations. Our visibility is instrumental in accelerating client base growth for our franchisees, and it really works. We are keen to not only establish sites in the main centres, but in provincial towns, a branch in a small town serving a rural area may be viable.
Financial Outlay :
Franchises are available throughout Australia for $35,000 + GST. This should not be seen as a cost, but as an investment, which should in time, increase many fold in value as your business grows.
Although our local area marketing plan is designed to generate instant awareness and to accelerate immediate client growth, allowance should be made however for some working capital in the first few months.
As with all franchise systems, an on going royalty will be collected by the Franchisor, based on turnover, being 6.5%. In addition a contributory advertising levy is payable, being 2.0% of turn over.
SBA is establishing financing lines for approved franchise purchasers.
Training :
The Franchisor will give initial training either at your premises, or at the company's Gore or Auckland Training Centre (a Melbourne training centre will be established during 2010). On going training will be via our help desk facility and field visits.
Subsequent training and support is provided indefinitely via our help desk.
Franchisee Attributes :
Although Franchisees do not need to be qualified academically, strong preference is given to Registered Tax Agents and members of the recognized accounting bodies – ICAA, CPAA, NIA, CIMA, ACCA, or ATMA, The key requirement is experience in Australian business/administration with some level of knowledge regarding GST, PAYG, and elementary accounting functions is an advantage. He or she must have competent computer skills, be energetic, enthusiastic have excellent verbal communication skills, and be customer orientated. The Franchisee should be prepared to work with the Franchisor, to increase sales and profits and seek the challenge of developing the business and enjoying the rewards.
Summary :
It is our goal, through site exposure, marketing, the development of brand awareness, and enthusiastic service, for SBA to be the automatic number one choice of the self employed , partnerships, and small companies.
Should you wish to proceed further and receive more detailed information, please email us at toger@sbaaccounts.com.au for an information pack.
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