RetailFranchise Retail & Premises-Based Franchises and High-Investment UK Businesses For Sale
TaxAssist Accountants News
In December 2016, Paul Greenan joined TaxAssist Accountants after buying a franchise resale in Newbury, Berkshire from retiring franchisee Richard Adams. Paul tells us about buying the resale and his plans for the future.
Franchise Information
  • BFA Membership StatusFull
  • UK Years Established23 years
  • Current UK Coverage50%
  • Franchisee Support Staff42
  • Personal Investment Req.£36,950 approx
  • Total Startup Cost£100,000 approx
  • Office-based business locationYes
  • Shop-based business locationYes
  • Territory-based business locationYes
  • Business to business servicesYes
  • Franchisee employs staffYes
Next Steps

Paul Greenan Bought A TaxAssist Accountants Resale In December 2016

11th June 2018

Paul Greenan Bought A TaxAssist Accountants Resale In December 2016

A year and a half later, we catch up with Paul to see how he found the process, what he’s learnt and what his plans are for the future.

A commercially experienced accountant with more than 20 years of business experience, Paul had always wanted to run his own practice.

"I had been watching TaxAssist Accountants grow over the last 10 years, but the timing was never right to explore this any further.  However, in 2016 I was working as a contractor and was starting to think about my next role.  I then saw a TaxAssist resale opportunity was available in Berkshire which piqued my interest."

Having been involved with business sales in the corporate world in his previous life, Paul was pleased with just how smoothly the resale process ran.

"Overall, the process was pretty seamless but that’s not to say there weren’t any hurdles to overcome though,” he said. “I raised the finance to purchase the practice through a mixture of personal savings and a bank loan and the TaxAssist five-year business plan was critical in securing the latter."

Richard had run the practice since 2004, opening a shop in 2009 and had two staff members.

"Richard stayed in the business for an initial three months handover and then for a further two months on a contract basis.  He also came back to help with the 31st January 2018 Self-Assessment Tax Return deadline. This was great, as it was very much business as usual for the clients."

Having the right staff has been key for Paul as the business has grown and although he now has an additional three members of staff, including an apprentice, he admits meeting demand can sometimes be a challenge.

"The business has grown primarily from referrals from existing clients, inbound leads and walk-ins. I have been to a couple of 4N meetings and I am a member of BNI Bourne in Newbury.  I have found the latter to be more productive because working as an accountant requires building trust and that can only be gained over time."

Being in the Thames Valley, IT consulting businesses are prevalent, but Paul has a good mix of clients.

"This makes things more interesting, as well as reducing the risk to the business should one particular sector experience a downturn or be impacted by a change in tax legislation.

I’ve found having a genuine interest in each person’s circumstances and being helpful, no matter whether they become a client or not, pays off.  The best example of this was an Inbound lead who didn’t become a client.  She found our meeting so informative she told her friends, which has led to four new clients from that one initial meeting."

While the shop on Bartholomew Street is performing well, Paul knows that to take the practice to the next level, he needs to move the focus away from him.

"The fee bank was £182,000 when I bought the business and it has grown to over £260,000 in less than 18 months, which I’m pleased with. But to grow further, the plan is to build capacity by introducing technology and training the team.  Once in place, I will be considering smaller satellite shops in my territory."

From speaking to Paul, it is clear that he is enjoying his new life.

"Before buying the business, I was concerned about having to be a salesman; but, I needn’t have worried because I enjoy consultative selling as well as meeting lots of interesting people. The support from TaxAssist has been excellent and just knowing the Support Centre is there, is a great comfort. I should have made the decision to join TaxAssist years ago!"

 Find out how to start you own TaxAssist Accountants franchise by clicking below

TaxAssist Accountants Expands Norwich Based Support CentreTaxAssist Accountants Expands Norwich Based Support Centre

4th October 2018

The TaxAssist Group has expanded its Support Centre, moving into a second suite at Bankside 300 on Broadland Business Park.

New TaxAssist Accountants Shop Opens in Stamford Hill, LondonNew TaxAssist Accountants Shop Opens in Stamford Hill, London

7th September 2018

Kashif Anwar has recently celebrated the opening of his first TaxAssist Accountants shop in London.

TaxAssist Accountants Practice Breaks Million-Pound Barrier SaleTaxAssist Accountants Practice Breaks Million-Pound Barrier Sale

3rd September 2018

Central London TaxAssist Accountants franchisee, Vince Dalaimo, has purchased the Southwark (London Bridge) practice.

Cambridge TaxAssist Franchisee Has Three Good Reasons to CelebrateCambridge TaxAssist Franchisee Has Three Good Reasons to Celebrate

24th August 2018

Richard Brookes has recently celebrated ten years as a TaxAssist Accountants franchisee, moving to a larger shop and the opening of a second shop.

New TaxAssist Accountants Shop Opens in Great Barr, BirminghamNew TaxAssist Accountants Shop Opens in Great Barr, Birmingham

20th August 2018

Second shop for franchisee Baksho Hayer, which she runs in conjunction with her Walsall shop.

TaxAssist Accountants Australia Celebrates First Annual ConferenceTaxAssist Accountants Australia Celebrates First Annual Conference

13th July 2018

TaxAssist Accountants in Australia celebrated its inaugural Annual Conference in June 2018.

New TaxAssist Accountants Shop Launches in PudseyNew TaxAssist Accountants Shop Launches in Pudsey

29th June 2018

Will Swift celebrated the opening of a new walk-in TaxAssist shop in Pudsey.

TaxAssist Accountants Celebrates First Anniversary in Bury St EdmundsTaxAssist Accountants Celebrates First Anniversary in Bury St Edmunds

21st June 2018

Eliott Betts and Lili Huang celebrated the first anniversary of their TaxAssist Accountants office in Bury St Edmunds.

TaxAssist’s Jo Nockels Makes Prestigious Accountancy Age Rising Talent ListTaxAssist’s Jo Nockels Makes Prestigious Accountancy Age Rising Talent List

18th June 2018

Jo Nockels, has been chosen as one of the UK’s rising talents in the Accountancy Age 35 Under 35 ranking 2018.

New TaxAssist Accountants Shop Launches in AberdeenNew TaxAssist Accountants Shop Launches in Aberdeen

14th June 2018

Steven Mearns has moved to new premises in Aberdeen as he plans for future growth.

New TaxAssist Accountants Shop Launches in HanwellNew TaxAssist Accountants Shop Launches in Hanwell

21st May 2018

Sajjad Ahmed has relocated his TaxAssist shop in Hanwell.

TaxAssist Accountants Celebrates Most Successful Annual Conference YetTaxAssist Accountants Celebrates Most Successful Annual Conference Yet

15th May 2018

Franchisees, partners and staff helped make this year’s TaxAssist Accountants’ Conference its most successful yet.

Business is Booming for TaxAssist Accountants EdinburghBusiness is Booming for TaxAssist Accountants Edinburgh

11th May 2018

Business is booming for Edinburgh-based TaxAssist Accountants headed up by Renee Mackay.

TaxAssist Accountants Continues Expansion with Two New OfficesTaxAssist Accountants Continues Expansion with Two New Offices

8th May 2018

TaxAssist Accountants Raja Suriyar and Hicham Al Maghouch commenced trading in March 2018.

TaxAssist Accountants Launches National TV Advertising CampaignTaxAssist Accountants Launches National TV Advertising Campaign

4th May 2018

TaxAssist Accountants has invested in a TV advertising campaign to raise brand awareness as part of the national marketing package offered to its 200-stong franchise network.

What Our Franchisees Say

“I now have over 400 clients, which generate an income and flexibility in how I work that could not have been achieved on the corporate ladder I stepped off. Further, I know that the practice will be a valuable asset for my future when the time is right. The shops, my marketing, and the initiatives of the TaxAssist Team, have proved invaluable in helping me to build a substantial practice.”Alex Smith - Franchisee in Peverell & Plymouth


“I spent 17 years running my own practice and treading water. That all changed the day I joined the TaxAssist franchise and the serious growth began. With the strength of the brand, my shop, the training and marketing I managed 68% growth in my second year and I am consistently aiming for double digit growth year on year. I’m thrilled!”Russel Charles - Franchisee in Barry & Cardiff


"I knew of the high reputation of the management team, the strength of the brand and business model, supported by many awards. I carried out a high level of initial research before committing to a Discovery Day. After meeting the team on that day I was convinced this was the right opportunity for me."Lloyd Evans - Franchisee in Kingswinford & Wolverhampton


Why Choose Us

The UK's leading tax and accountancy franchise

One of only four franchises to receive 5 star franchisee satisfaction for 5 years running

Accountancy fee banks are a saleable asset for your future

Related Franchise Categories
Related Franchise Types

RetailFranchise

Retail franchises, premises-based franchise opportunities and UK retail businesses for sale, from Retail-Franchises.co.uk. Explore high investment franchise opportunities, and franchising information including retail franchise resales, news and case studies and special features on premises-based business opportunities.

Latest News
To subscribe to our newsletter about the latest franchise opportunities and information, please enter your email address:
Latest Tweets

Hear from Aman Virk, Acquisition Manager, Papa John’s UK discusses analysing demographics and avoiding soggy bottom… t.co/iycFTfeMEj

7:00 PM Oct 16th

#Business #Resale of the Day: #TaxAssist #Accountants #Franchise @TaxAssistFranUK in Greater #Manchester - t.co/Pi95ZgeqpU

11:01 AM Oct 16th
You have selected no franchises Complete your requests