Bookkeeping Franchise Tops Industry Growth Standard in Hard Times


Australia’s largest bookkeeping franchise First Class Accounts has surpassed industry standard achieving 22 per cent growth in 2012 compared to the industry average of just 14 per cent for non-retail franchises as revealed in the Griffith University Franchising Australia 2012 survey.

First Class Financial Group Executive Chairman, Clive Barrett said the strong growth was attributable to both the increase in franchise numbers as well as the strength of their franchisee bookkeepers’ client base.

“It is reassuring to know that our business development strategy is working,” he said “The focus we place on training and support for our franchisees, coupled with their strong service ethic, ensures client loyalty and new business referrals.

“Our franchisees actively seek to help their clients by trying to assist them in identifying opportunities for efficiencies, particularly in the reduction of costs, and managing their cash flow. This not only reinforces the trust generated with the client but contributes to consistent growth and profitability across our franchise network.

First Class Accounts introduced 45 new franchisees to the business over the past 18 months.

Mr Barrett attributed this growth to a number of factors.

“In these continuing uncertain economic times with heightened job insecurity and redundancies, more people are looking for the security of having their own business that is underpinned by a proven franchise model. We are a relatively low investment franchise without any heavy fit-out costs or onerous lease commitments.

“Our model provides flexibility for franchisees to choose to work from home and keep overheads at a minimum thus maximising their profitability potential. They also have control over their working hours to achieve their desired work-life balance.”

Mr Barrett said a number of new partnerships in 2013 would provide further opportunities for growth for the franchise.

“The alliances we are developing will allow our franchisees to enhance their earning potential by providing auxiliary services and support to clients.”

To enquire about franchise opportunities with First Class Accounts call 1800 082 066 or for more information visit the website at