MergerPlace

Income Tax Preparation Franchise

Nova Scotia


  • Asking Price: $385,000
  • Gross Income: $387,416
  • Cash Flow: $82,992
  • Real Estate: $265,000
  • Inventory: $2,500
  • FF&E: $13,206
  • Listing ID: #210598
  • Established: 1996
  • Employees: 2 FT / 7 PT

Business Description

Full-service personal income tax preparation franchise. This franchise operator has three separate locations providing personal tax accounting to their clients in a friendly and outgoing manner. They also provide small business owners with bookkeeping and accounting services. The franchisee also has rights to expand to other municipalities in Nova Scotia.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Nova Scotia

Company Information

Year Established: 1996
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 2 FT / 7 PT

Financial Information

Asking Price: $385,000
Gross Revenue: $387,416
Cash Flow: $82,992
FF&E: $13,206
Inventory: $2,500
Real Estate: $265,000
Seller Financing Available: No

Property Information

Facilities:

The business operates out of three locations. The primary location is in a building which is owned and is intended, but not required, to form part of the sale of the company and is not included in the business price. The other two locations are both short term leases with long tenure.

Growth & expansion opportunities:

Potential lies in expanding the territory for seasonal tax files while at the same time expanding bookkeeping and tax planning services during the entire year.

Competition:

Typically, H&R Block would be the direct competitor. That being said they do not have any locations in the area. Accounting Firms - Local accountants who would be doing returns for their clients.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. Individual and family tax returns. -sole proprietor business returns. -small business corporate returns. -deceased individual tax returns including T3 returns when required. -bookkeeping and accounting services – including financial statements. - payroll services including T4’s and T4 summaries. - consulting on the ramifications of such things as RRSPs, tuition, pension splitting, and retirement allowances.

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Business Listed By:

Mark Pothier

Murphy Business Brokers