Established/Profitable Tax Preparation Business

Not Disclosed, PA


Asking Price: Annual Revenue:
$25,000 $145,429

Services: Financial, Accounting, Insurance


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RE: Established/Profitable Tax Preparation Business Broker: Jack Greenawalt

Quick Facts

Asking Price: $25,000
Annual Revenue: $145,429
Net Profit: Not Disclosed
Cash Flow: $53,069
Total Debt: Not Disclosed
FF&E: $4,500
Real Estate: Not Disclosed
Year Established: 2008
Employees: 8
BBN Listing #: 48814955
Broker Reference #: 2602-16044

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Business Overview:

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.

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Property Features and Assets:

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. Assets= $4,500

Market Competition and Expansion:

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. 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.

Reason for Selling:

Readiness for Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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