Tax Preparation Services

North Carolina

Asking Price:	$315,000
Gross Revenue:	$310,145
Established Year:	2003

Cash Flow:	$97,174
FF&E:	$28,559

Listing ID: 2307565Listing provided by BizBuySell

BUSINESS DESCRIPTION

Buy now before tax season starts!

Successful and nationally recognized personal tax preparation, business tax preparation, support and coverage, and Hispanic services. This franchise location has produced 1200 - 1400 returns per tax season in each of the last 5 years, with many repeat individual and small business clients and continues to acquire more! The owner does not need to be a tax expert but does need IRS and NC certifications.

There are two operating seasons with distinct hours of operation: Tax Season (Jan – Apr 15) M-F 9 am – 8 pm, Sat 9 am – 5 pm. During Off Season (Apr 15 – Dec 31st) only the main office is open Wednesdays 12 – 6 pm. The owner is not needed to be present if a manager is available.

DETAILED INFORMATION

Location

North Carolina

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

3,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

2 centrally located offices in this medium size city close to the Triangle of NC; one in the city center and the other on a well traveled main corridor (28,000 traffic count). Both offices are leased (NNN) through 2027 with renewal options.

Competition

The main competition are other nationally recognized tax preparation offices.

Growth & Expansion

The Company competes well against other competitors and seeks to differentiate itself through excellent customer service, follow-up, and focus on repeat business. Competitors include other national tax preparation chains and small CPA/tax firms. TurboTax is generally not considered a competitor as it appeals to a different market segment. The industry itself is well established and as Benjamin Franklin wrote, “nothing can be said to be certain, except death and taxes.”

Financing

Lender pre-screened with $31,500 down.

Support & Training

Will train for 4 weeks @ $0 cost.

Reason for Selling

To focus on other business interests.

Franchise

This business is an established franchise

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