Local accountancy training centre

Students funding their own study, local employers and accountancy firms sending trainees, and sometimes learners using employer support.

Course fees per student per term or per exam level, plus fees from employers booking groups. Room hire and tutor costs are your main outgoings.

• Strong accounting teaching ability
• Managing a timetable and enrolments
• Marketing to local firms and learners
• Managing and paying tutors

• Approved centre status with awarding bodies may take time and have quality requirements, so check early
• Public liability insurance and venue insurance, plus employer's liability once you hire tutors
• Check the lease or hire terms, and whether the room is suitable for classes (fire safety, accessibility)
• Low student numbers in a term can leave you with fixed room costs
• Check data protection rules for student records and whether you need to register with the ICO

Startup costs are typically estimated at around £2,000 to £12,000, depending on the room you rent, your teaching materials and how you market the centre. Low student numbers in a term can leave you with fixed room costs.

Monthly revenue is typically estimated at around £1,500 to £7,500, depending on student numbers, class fees and how many classes you run. The estimate starts from about 15 hours a week. Revenue is not profit, as room and tutor costs come out of it.

Check approved centre status with awarding bodies, which may take time and have quality requirements. Check public liability and venue insurance, employer's liability once you hire tutors, lease or hire terms, room suitability for fire safety and accessibility, and data protection and ICO registration.