Rosemary: A Bookkeeping Franchise Where The Numbers Add Up

31/01/2018 08:00 | Start a business

Rosemary book keeping franchise

Launched in its original form in 2002, Rosemary bookkeeping franchise now has 17 franchise outlets across the UK. These franchisees receive support from a team with over 60 years experience in accountancy, bookkeeping, marketing and sales, to help them develop on their franchising journey.

Rosemary has refined their business model over the years and is now able to provide franchisees with a comprehensive franchise and support package. The bookkeeping franchise has a compelling growth model, effective support network and expert-run quality control system. This means that if youre considering opening a franchise with Rosemary, you can do so with confidence.

Whats required?

Rosemary franchisees come from an array of different backgrounds, bringing a wealth of experience, and not just from the financial and accountancy sectors. And while it's important to be good with numbers, bookkeeping qualifications are not necessary. Similarly, previous sales experience is an advantage, but not essential. The attributes that are required of a Rosemary franchisee are:

  • Excellent people skills to build client relationships
  • Drive and ambition to grow a profitable business
  • The commitment to making your business a success
  • Professional manner
  • IT literate
  • A willingness to learn with an energetic can do attitude.

Rosemary has a support team on hand to answer any queries, but the training that you'll receive as a franchisee will ensure that you have all the skills you need to make your business a success.

The joining process

By just completing a form on the Rosemary website you can request a copy of the franchise prospectus which provides details of the investment needed, what the franchise package entails and what training and support are on offer.

Once you've had the chance to review the prospectus, someone from the recruitment team will give you a call to answer any initial questions you have about opening a franchise with Rosemary. As well as providing you with a flavour of the business, you'll also be asked a few questions to ensure that you have the required skills and attributes to become a franchisee.

This informal call will be followed up with a getting to know you' call with the recruitment director. This will be a more in-depth conversation lasting approximately 30 minutes. If all goes well during this call, and you'd both like to progress to the next stage, you'll be invited to attend a Discovery Day session at head office. This will give you the chance to learn more about the opportunity and experience the culture of the franchise.

Next comes the face to face meetings phase where youll provide more information about yourself through an Expression of Interest (EOI) form. The critical questions asked at this stage will determine whether you'll be invited to join the franchise. These meetings should also be used as an opportunity to ask any outstanding questions that you have to ensure that you're the right fit for the business.

Case study

TJ Sutherland owns and operates the busy Rosemary franchise in Basingstoke. She started in 2011 looking after a small number of business owners and has grown to the successful franchise that she runs today. TJ now manages a team of bookkeepers enabling her to focus on generating more sales.

Before TJ started her Rosemary franchise, she worked within the recruitment sector, proving that bookkeeping experience and qualifications are not needed to run a profitable business. TJ learnt on the job through the vast support system that is on offer when you become a Rosemary franchisee. As her company expanded, she employed, trained and now manages her team of bookkeepers which allows her to run her home-based franchise around the needs of her family.

No two days are ever the same for TJ, and this is part of what made the Rosemary franchise so appealing in the first place. TJ does run her franchise from home, but there are plenty of opportunities to get out and meet business owners. Regular networking events are an excellent way of meeting people and seeking out referrals. Such events often lead to TJ leaving with new clients and a free lunch!

Other days will see TJ concentrating on the vital task of promoting of her business, along with the administration required for her bookkeeping. It's this flexibility that ensures that TJ can manage her own diary and appreciate a healthy work/life balance.

If for any reason TJ needs advice or guidance, there are many ways that she can contact the support team based at head office. There are also events that are run throughout the week focusing on different topics to help the franchisees get the most out of their businesses.

No wonder TJ is positive about the future that Rosemary franchise has in store for her and her family.

Financial information

Opening a franchise with Rosemary bookkeeping franchise costs £16,970 plus VAT.

Youll also need to invest in your IT equipment and software that will cost £2,870 plus VAT.

There is an ongoing management fee which you start to pay in month 7 of your business. This is 10% of your gross turnover (subject to a minimum charge of £150 per month) which covers the extensive support thats available to you.

In return for the franchise and management fee youll receive:

  • Exclusive territory - The size of your area will typically contain approximately 10,000 small businesses.

  • Comprehensive 12-week training The full training package includes an initial getting you to market week, enabling you to get trading as soon as possible. This is followed by weekly webinars topics covering the business essentials of marketing, operations, business development and bookkeeping. There will be a further five days of bespoke training tailored to your requirements.

  • Business and communications set up Youll receive all the guidance you need to start your home based franchise; from legal requirements to your website and email set up.

  • Marketing plan and collateral Youll get a tailored marketing plan as well as a guide on how to attract clients and grow your team.

So, if youve got a head for numbers and are keen to enjoy all the benefits of an exciting home-based franchise, then this could be the opportunity for you.

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