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20 Years of Success! Turnkey & Staffed

Asheboro, NC
Busy Tax Office
Asking Price:$535,000
Gross Revenue:$698,283
EBITDA:$152,500
Established Year:2004
Cash Flow:$152,500
Rent:$2,200/Month
FF&E:$50,000
Listing ID: 2290975Listing provided by BizBuySell
BUSINESS DESCRIPTION

20 Year Record of Success! Turn-Key!
Liberty Tax of Asheboro, NC in Randolph County is a 20-year-old, recession-resistant, and pandemic-proof business with low overhead, healthy revenue streams, and lifestyle flexibility. In the trailing 12 months ending April 2024, Net Fees were $430,561 generating Net Income of $152,550! It’s no surprise that this office is in the top offices in the Liberty franchise system, winning multiple Top Gun awards.

Located in a prime area with high visibility, this business boasts a large, growing customer base with high retention and a healthy net fee. The business’s solid reputation and recognized market presence ensure ongoing revenue and profitability, ranking among the top in customer satisfaction.

The Asheboro office is fully equipped with a dedicated and skilled staff who customers enjoy working with. The office's history of excellent leadership and staff performance creates a customer-friendly environment that drives success.

There’s plenty of growth potential! Add revenue streams such as Bookkeeping and Accounting & Payroll to transform this seasonal operation into a year-round business. The new owner can be passive, relying on the experienced staff, including an expert tax preparer, or take an active role. Buyer will need to meet Liberty's requirements for liquid cash, net worth, and obtaining an Electronic Filing Identification Number.

Don't miss out on this chance to step into a successful tax preparation business with a proven track record. Take charge of your future and contact us today to embark on the journey toward a thriving business!

DETAILED INFORMATION
Location
Asheboro, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
30/04/2026
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: The sale price includes all of the assets required for running the business. The office comes fully furnished with equipment including desks, chairs, computers, and branded decorations, signage, marketing materials, and office supplies. Value estimated at $50,000.
Competition
Did you know that since 1861, Americans have faithfully paid income tax? That's why tax preparation franchises like Liberty Tax® offer an incredible opportunity for entrepreneurs. With a massive customer base of over 140 million individuals and 2.4 million corporations nationwide, this seasonal business is both reliable and highly profitable.
Growth & Expansion
There is incredible room for growth in this North Carolina territory. The seller has only offered tax preparation services which are highly seasonal. Liberty Tax® offers multiple, year-round revenue streams such as accounting and payroll, installment loans, and tax debt relief. The Franchisor is working to add Medicare enrollment, mortgage, and insurance services to the revenue streams so that franchisees can build a year-round business if they wish. Additionally, this area is growing, so the potential customer base is growing.
Financing
Introduction to Bankers
Support & Training
Franchisor provides ongoing training & support: toll-free support desk, networking meetings with other franchisees, store visits, franchisee intranet site, professional growth & development programs, tax support information, technical support, etc. Provides technology including best in class tax software, a new mobile app to run the business, full back-office support.
Reason for Selling
Retiring at age 52
Franchise
This business is an established franchise
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Tiffany Dodson
Phone Number
Tiffany Dodson
Call Phone