Concept Description
Paramount Tax & Accounting is a well-established franchise in the tax and accounting industry with over 20 years of experience. Our franchisees provide comprehensive financial services to individuals, businesses, and non-profits in their local communities. Our unique selling point is our team of experienced and knowledgeable tax professional franchise owners who are equipped with the latest technology and tools to provide expert financial services to clients.
At Paramount Tax & Accounting, our goal is to help franchisees build successful and profitable businesses while providing unparalleled customer service. Our franchisees receive training, ongoing support, and access to marketing resources to assist them. Our franchisees are also equipped with a proprietary technology platform that streamlines the tax and accounting process, making it easier and more efficient for both franchisees and clients.
With a low franchise fee, owning a Paramount Tax & Accounting franchise is an excellent opportunity for entrepreneurs who are looking to start their own business in the tax and accounting industry. Our franchisees enjoy a high level of autonomy, but also have access to a network of experienced franchise owners for guidance and support. We have franchise locations across the United States and are expanding into new markets every year. Our ideal franchisee is a motivated and detail-oriented individual with a passion for financial services and a commitment to providing excellent customer service.
Testimonials
Unit Option
Single, Multiple, Area Representative/Master Developer
Background
FDD Franchised Units: 100
Corporate Owned Units: 2
Projected New Units: 15
Year Established: 2008
First Year Franchised: 2017
Type of Business: Franchise
Hours of Operation: Regular Business Hours
Number of Employees: Small (1-5)
History:
Founded in 2008 by Jon Wilhelm, who at the time had decades of executive leadership and CPA experience. Originating as a single unit in the Salt Lake City, Utah area, Jon soon discovered the secret recipe that allowed him to double his practice year over year (something that is unheard of in the private tax practice world which historically averages 4.5% of growth annually!). This formula, paired with his desire to help people succeed, led to the birth of the Paramount Tax Franchise. We have since opened over 75 franchise offices with great success!
Availability
Territories: United States
Financials
Liquidity: $60,000
*Investment Range: $71,200 - $166,000
Minimum Net Worth: $250,001, to $500,000
6 Month Cash: $10,001
Franchise Fee: $40,000
Royalty: 10%
Royalty Description: 10% of gross sales monthly
Advertising: Local: 5%
Ramp-Up: Less than 1 month
Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.
Passive Ownership Explain: Must hire or partner with a CPA or Enrolled Agent to manage the business.
Available Discounts
- Veterans
Training, Support and Assistance
Co-Operative Advertising: N/A
Site Selection Assistance: Available
Lease Negotiation Assistance: N/A
Length of Training: 50-60 hours over 4 weeks
Training Description:
Comprehensive initial training program that includes best practices, marketing and sales, software training, business support, industry knowledge and tax codes as well as advanced tax and accounting practices and strategies.
On-going training and support to stay relevant with industry changes and updates as well as business and software updates. Complete marketing support provided through strategic 3rd party vendors. Year round revenue opportunity trading and vendor support as well.
Operational and Marketing Tools:
Industry specific software training and support. Marketing website, social media and on-going support on local and regional marketing. Print and digital marketing materials ready for use.
Financing Assistance: N/A
