Specialist Sectors

Accountants for Franchise

We specialise in franchises

As specialist franchise accountants, offering a wide range of franchise services, Morris & Co are proud to be an Affiliated Professional Advisor of the British Franchise Association (BFA)

We can help you to develop your business model, leading to setting up a successful franchise. We can also advise on franchise sale valuations and the treatment of goodwill.

As specialist franchise accountants we can take away the responsibility for advising and training franchisees in financial reporting, leaving the franchisor free to concentrate on developing the business, and can help franchisees in setting up a successful franchise.

We act for a considerable number of franchisees offering a wide range of franchise services and are the preferred accountants for several franchise networks and we are also pleased to be associated with Franchise Resales Ltd, for whom we provide specialist franchise valuations. Please feel free to contact us for further help and advice on franchise sales.

Our experience as specialist franchise accountants enables us to provide franchise services with a balanced mix of technical and commercial advice, whilst at the same time makes us aware of the issues applicable to this field.

Our Franchise Services

Credit Control

Business Start Ups

Payroll bureau

Tax services

Why choose us?

Whether you are a franchisor or franchisee your needs will be met quickly with the extensive support available at Morris & Co and you can be assured of a rapid response.

We believe that it is important to provide continuity of the people with whom you deal and we believe that the Morris & Co Franchise accounting team will provide this.

You can have confidence in our ability because our reputation is good not only with our existing clients but also with the commercial community and we have earned the respect of HM Revenue & Customs. We have extensive experience in saving franchisees tax and can offer you a full tax planning service.
You require a firm with experience and expertise that meets your needs. We believe Morris & Co will meet your needs and help you to save tax and maximize profits.

In line with our Firm’s mission statement.

“We aim to provide a quality personal service at a cost-effective price.”

Franchising Your Business

As BFA affiliated franchise accountants Morris & Co can help you determine whether or not your business is suitable for franchising and provide help and advice.

We can also put you in touch with other specialist franchise advisors who can help you develop the legal and operational frameworks that you will need.

A franchised business needs strong financial control to ensure measured and sustainable growth. The peculiar taxation treatment of franchises and “goodwill” relating to them needs to be always borne in mind.

As BFA Affiliated accountants Morris & Co can help you through these potential problems. Franchising your business enables you to expand using other peoples capital and achieve faster growth. You will also be harnessing the enthusiasm and motivation of the owners/managers driving the business.

Our Team

Meet our property team

Setting Up A Successful Franchise With A BFA Approved Accountant

The first step you must take before investigating franchising is to establish exactly what level of investment you can comfortably afford to make. Don't forget that as well as the initial franchise costs, there may well be other setting up costs and you will need some working capital until the business is running profitability which may take a year or more. Remember, it is better start out with more than you need rather than less.
Far too many people forget to assess their own suitability to the business and this mistake can lead to years of unhappiness, not just for you, but for your whole family. You need to determine whether the franchise suits you, what are your needs, your wants and also what are the needs and wants of your family.
You must consider the market and avoid industries that are 'fad industries'. This needs careful consideration and also needs to be linked to your own abilities and what you would be happy doing.
Advice will come in three forms:
- Legal - BFA approved solicitors
- Financial - BFA approved accountants
- Commercial - from other franchisees, the franchisor, the British Franchise Association and other bodies.
Buying a franchise can involve a lot of emotion, as it is most probably a life changing decision. It often helps to get outside assistance at this stage from someone who is not emotionally involved in the research that you have already made.
After carrying out the stages mentioned above, your decision to join a franchise should be relatively easy, but if you don't feel 100% comfortable with the decision, start the process over again. It is also a good idea to check if the franchise is registered with the British Franchise Association (BFA).
Entrepreneurs looking to invest in a franchise business can be sure of two things. Lenders will want to see strong business plans and will be prepared to lend up to 70% of the initial start up costs. Again, seek professional assistance with your business plan to make sure that the business has a realistic chance of viability. With our wealth of experience in advising franchisees we can help you to set up a Business Plan ready to obtain funding for your Franchise.
When you have successfully negotiated all the above , the difficult part is making your business work. You must regularly compare your achievements with your business plan and adjust your business methods or the plan, so that you know where you are going, how you are going to achieve it and when.
A franchise business has considerably more chance of achieving success that any other business starting from scratch. We hope that having followed all the above processes, you have invested in a successful and profitable business, but again, you need to seek professional advice, to ensure that you are not paying too much money to the tax man!

What our clients say about us

Contact Details
Email

dentists@moco.co.uk

Telephone

0151 348 8400

Address

Chester House, Lloyd Drive,
Cheshire Oaks Business Park,
Ellesmere Port, Cheshire,
CH65 9HQ

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