Business for Sale Overview:
This tax preparation and bookkeeping practice has been a trusted member of the Northwest Arkansas community and family-run business for over 40 years! Still owned and operated by the founder, this company’s loyal client base spans as many as four generations of individuals and local businesses. While this business is incredibly well established and enjoys instant name recognition, it also offers a new owner ample opportunity for growth.
The quality and reputation of this business are truly unsurpassed in the area. Its customer base is comprised of individuals and small to medium sized enterprises. The business specializes in individual and small business tax return preparation, Refund Anticipation Loans, BankOne fast refund products, bookkeeping, payroll and all aspects of tax consulting. This business is currently using Drake Tax Software, as well as popular accounting software programs like QuickBooks. Other services include bi-lingual capabilities, mail-in and electronic filing, assistance for U.S. citizens overseas, and working with trusts.
This business offers a rare opportunity to acquire an established market leader, and continue to build on a 40-year legacy of excellence in the Northwest Arkansas business community.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business has been located in Northwest Arkansas since 1965, and has been at its present facilities since 1997. A stand-alone building provides approximately 2,458 square feet of office space, with plenty of parking in front. The business sits just blocks from one of the main freeways connecting Benton and Washington counties, and is easily accessible from anywhere in the Northwest Arkansas metropolitan area (including the cities of Bentonville, Rogers, Springdale and Fayetteville).
Market Competition and Expansion:
This business competes with local offices of the primary, national tax preparation franchises – namely H&R Block and Jackson Hewitt. This business has received several buyout offers from its franchised competitors, but has remained independent for the past 27 years. It is the largest business of its kind – franchised or independent – in Northwest Arkansas.
A new owner could expand by opening additional offices throughout the Northwest Arkansas metropolitan area, or increase its territory by serving adjacent counties. The bookkeeping and accounting functions also have ample room for expansion with a new owner. This business thrives on repeat business and word-of-mouth advertising. Current marketing efforts are minimal and include a corporate website, listings and display ads in local directories, and a small amount of radio advertising.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.