Franchise Spotlight: Legal and Finance
Multiple revenue streams and family-friendly trading hours are on offer.
Legal and finance franchises deliver professional services that do not require inventory or expensive premises and equipment.
Statistics show that this keeps start-up costs and ongoing overheads modest compared to other sectors.
Whether it’s a loan provider, management consultancy, or tax and accountancy brand, most franchise opportunities cater to businesses and operate family-friendly office hours. This is great news for franchisees who want to avoid working evenings and weekends.
Depending on the sector, market research shows that franchisees often enjoy several revenue streams and significant repeat business, among other positive industry trends.
It’s generally uncommon for franchisors to only recruit franchisees with direct experience or qualifications in the industry in question.
However, many of those providing legal and financial services do require candidates to have a background in relevant fields, and experience in senior positions in other sectors is favorable.
Franchise market analysis
C.A.I. Financial, which takes collateral in return for title, payday, and equity loans, among other financial services, says it has a “fail-proof system that takes the risk out of lending”, and generates incomes for franchisees ranging between $200,000 to over $1m a year.
Operating in a very different financial arena, Forex Smart Trade offers something truly distinctive to would-be franchisees: the opportunity to become a currency trader, leveraging company-funded trading accounts, and retaining up to 80% of trading profits.
On the tax preparation services front, H&R Block is a global giant, with hundreds of retail tax offices in Canada and 12,000 offices globally, some of which are in the US and Australia.
TaxAssist Accountants primarily provide accountancy services to small businesses, the self-employed and property landlords, and prides itself on adopting the latest innovations in accountancy and business tech.