Tax Franchise For Sale - Semi Absentee

Cedar Rapids, IA

Asking Price:	$1,409,142
Gross Revenue:	$1,129,353
FF&E:	$300,000

Cash Flow:	$423,920
Rent:	$1
Established Year:	2012

Listing ID: 2252916Listing provided by BizBuySell

ASSET SALES DESCRIPTION

NO TAX EXPERIENCE REQUIRED - This North Carolina based tax prep corporation was established in 2012 with a strong, long-term presence in Iowa, Wisconsin, and Illinois. Since its inception, the practice has offered a wide range of tax services to individual clients. Excluding the Owners, the practice consists of fifty (50) staff members serving its tri-state clients inclusive of a general manager with six years of experience as a GM with the company. Over the past two (2) years, the practice has averaged gross revenues of approximately $1,116,047.00 (2023-2024) with a net average of $423,920.00 for the same timeframe. The practice’s success is in large part due to the dedicated and seasoned staff who are highly skilled with a strong focus on customer service. This Practice is poised for growth and increased revenue under new ownership.

DETAILED INFORMATION

Location

Cedar Rapids, IA

Real Estate

Leased

Building SF

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

A total of $300,000.00 (fair market value) is included in purchase price and includes all furniture, fixtures, and equipment necessary to continue operating the 14 franchised locations being sold.

Competition

While the current owner is aware of other tax services within operating territories, this business is one of the oldest tax service companies in the area and has an established reputation of being honest, fair, and well-run. They currently operate in 3 states (Illinois, Wisconsin, and Iowa).

Growth & Expansion

Seller realizes the business could greatly benefit an owner who will continue the path of efficiency and growth with processes implemented. With the ever-increasing complexities of tax code, the need for this service will continue to make it a recession-proof business with many growth opportunities. This business is highly scalable and can easily be grown. Potential expansion into bookkeeping should yield higher revenue.

Financing

*SBA Ready*

Support & Training

Seller is committed to helping a new owner achieve success and will provide negotiated hours of training and orderly turnover to the new owner. Additionally, Franchisor is well known for having excellent systems, technology, support, and training programs. Year-round comprehensive training is available both online and through traditional educational programs.

Reason for Selling

Sellers are staying on with the franchise in non-competing territories.

Franchise

This business is an established franchise

Report an Issue with this listing