MergerPlace

Multi-Location (4) Tax Preparation Svc.

North Carolina


  • Asking Price: $485,000
  • Gross Income: $589,342
  • Cash Flow: $125,343
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $20,000
  • Listing ID: #201610
  • Established: 2007
  • Employees: 50 PT

Business Description

Excellent opportunity to acquire 4 well-run, established and turnkey tax preparation locations in a single bundle with one of the most successful tax preparation franchises. Franchisor provides extensive experience, training, technical support and marketing expertise. Experienced managers in place. Multi-location operation allows the buyer to leverage their time and back office operations across a substantial portfolio of locations. Seasonality of business provides for most of the summer off if desired, or buyer can build a year-round tax practice focused on small-businesses. Note - there is also an 8-location option available.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: North Carolina

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 50 PT

Financial Information

Asking Price: $485,000
Gross Revenue: $589,342
Cash Flow: $125,343
FF&E: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

All 4 locations are leased from third-party landlords, are well maintained and fully outfitted.

Growth & expansion opportunities:

Significant opportunity exists for developing a more year-round practice, focused on small business accounting, bookkeeping and tax preparation, if desired.

Competition:

The Company competes well against other competitors, and seeks to differentiate itself through excellent customer service, follow-up and focus on repeat business. The industry itself is well established and as Benjamin Franklin wrote, “nothing can be said to be certain, except death and taxes.”

Reason for selling:

Scaling back to focus on start-up business.

Support & Training:

Will train for 2 weeks @ no cost. Services include: personal tax preparation; business tax preparation; health insurance information, support, and coverage; and Hispanic services. Accounting, bookkeeping, and payroll services are also available. The owner does not need to be a tax expert, but does need to have an electronic filing number, which will be set up during training.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Ron Buck

Murphy Business Brokers