MergerPlace

Established/Profitable

Pennsylvania


  • Asking Price: $135,000
  • Gross Income: $145,429
  • Cash Flow: $53,069
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $4,500
  • Listing ID: #224380
  • Established: 2008
  • Employees: 2 FT / 6 PT

Business Description

This is an established and well managed tax preparation business. Experience with tax preparation/accounting is not a necessity. Training will be provided and experienced employees are in place. This business can be operated on a full time basis or as an absentee owner. Busy season is from January through April. Great business for someone that does other seasonal work later in the year, a second career after retirement, or a business looking to expand their clientele, services, or to develop an additional stream of revenue. Also a great opportunity to enter the world of self employment in a recession proof business. This office now has the ability to offer optional touchless, virtual tax preparation which is a plus, especially during the current pandemic. It is considered one of the essential businesses that is allowed to be open. There are additional new revenue streams possible by offering clients additional financial products provided by the corporate franchisor.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Pennsylvania

Company Information

Year Established: 2008
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 2 FT / 6 PT

Financial Information

Asking Price: $135,000
Gross Revenue: $145,429
Cash Flow: $53,069
FF&E: $4,500
Seller Financing Available: No

Property Information

Facilities:

The office is located downtown on Main Street. Thus, it has high visibility because of its prime location. The interior space of the office has an open format with 6 workstations and private back office for processing returns and business operations. Great location for walk in traffic.

Growth & expansion opportunities:

A concentrated effort on marketing, advertising and building customer relationships in order to enhance client referral opportunities would definitely grow the business. In addition, the franchisor is offering new, optional financial products to the franchisee, which have the potential to generate new revenue. Also, there are some other services that could be offered such as bookkeeping for business clients and a concentrated effort to work with additional small business tax needs. There are very large companies located in the franchisee territory that could be approached for marketing that the current owner has not pursued.

Competition:

There is competition from a couple of tax preparation offices and local accounting firms, but the reputation and cost competitiveness of this established business puts them in a very good position for growth.

Reason for selling:

Readiness for Retirement and having to care for elderly parents.

Support & Training:

Will train for 1 week @ no cost No need for an accounting degree, tax experience, or any additional formal education. Training will be provided by the sellers and the corporate office as well.

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Business Listed By:

Jack Greenawalt

Murphy Business Brokers