Franchise Tax Service

Houston, TX
Harris County


Asking Price: Annual Revenue:
$270,000 $327,000

Services: Financial, Accounting, Insurance


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RE: Franchise Tax Service Broker: Jeffrey Jones

Quick Facts

Asking Price: $270,000
Annual Revenue: $327,000
Net Profit: $113,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 12
BBN Listing #: 790627819
Broker Reference #: 82468

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Business Overview:

This is a franchised tax advisory service that has two offices in the North Houston area with the same owner for the past 28 years.  They prepare approximately 1,000 personal tax returns each year at an average fee of $300 to $350 each, plus some accounting services for small businesses.  The company has 12 trained tax consultant employees (2 full-time & 10 part-time).  This business was started by the owner's wife who was a CPA; however, she past away five years ago and her husband has been managing the business ever sense, but he is not an accountant and does not do any tax preparation.  There is a full-time manager who can either be replaced by a new owner or stay on to continue to manage the offices.  The company has a State Tax Loan facilitators Registration, a Federal Preparer Tax Identification Number, and they are an Authorized E-Filer Provider all of which are required to provide tax advisory services.  The franchisor has an excellent training program for a new owner and all its employees. 

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Property Features and Assets:

There are two offices located in neighborhood shopping centers.

Reason for Selling:

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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