Income Tax Preparation Franchise

Not Disclosed., Nova Scotia

Nova Scotia

Asking Price: Annual Revenue:
$385,000 $387,416

Services: Financial, Accounting, Insurance

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RE: Income Tax Preparation Franchise Broker: Mark Pothier

Quick Facts

Asking Price: $385,000
Annual Revenue: $387,416
Net Profit: Not Disclosed
Cash Flow: $82,992
Total Debt: Not Disclosed
FF&E: $13,206
Real Estate: Not Disclosed
Year Established: 1996
Employees: 9
BBN Listing #: 76224955
Broker Reference #: 9201-14525

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Business Overview:

Full-service personal income tax preparation franchise. This franchise operator has three separate locations providing personal tax accounting to their clients in a friendly and outgoing manner. They also provide small business owners with bookkeeping and accounting services. The franchisee also has rights to expand to other municipalities in Nova Scotia.

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Property Features and Assets:

The business operates out of three locations. The primary location is in a building which is owned and is intended, but not required, to form part of the sale of the company and is not included in the business price. The other two locations are both short term leases with long tenure. The assets are the owned property at the head office location and all the equipment and furnishings for all three locations. The building has an estimated fair market value of $260,000. As well as all leaseholds, furniture, and equipment, used in the operation of the commercial business, with an estimated fair market value of Twelve Thousand Dollars ($12,000). Total Assets: $15,706

Market Competition and Expansion:

Typically, H&R Block would be the direct competitor. That being said they do not have any locations in the area. Accounting Firms - Local accountants who would be doing returns for their clients. Potential lies in expanding the territory for seasonal tax files while at the same time expanding bookkeeping and tax planning services during the entire year.

Reason for Selling:

Owner is retiring.

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 a franchise resale opportunity.

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