Highly Rated Income Tax Service w/Amazing Reviews

Not Disclosed, CA
Riverside County


Asking Price: Annual Revenue:
$119,000 $143,174

Services: Financial, Accounting, Insurance


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RE: Highly Rated Income Tax Service w/Amazing Reviews Broker: Rick Rayl
Owner Financing is Available!
60000.00

Quick Facts

Asking Price: $119,000
Annual Revenue: $143,174
Net Profit: Not Disclosed
Cash Flow: $50,324
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 2
BBN Listing #: 839955367
Broker Reference #: 86808-577252

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Business Overview:

Beloved and a little bit quirky, this tax service only firm provides caring and fun tax service year after year to a loyal client base.
The business is being split with the majority (face to face clients) staying in this transaction and a few (online) moving with another firm.
Recently achieved $1.0MM in refunds for clients.
Pricing is positioned higher than H&R Block but much lower than a CPA firm. This provides great service at competitive price.
Clients join at a net rate of about 12% per year and fees rise at 2%.
Seller is willing to stay on full or part time.
This business is located in Palm Desert.

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Property Features and Assets:

Located in an upstairs office suite sharing with Property Manager for sweetheart rent deal. Business started in 1993 as McMillen and Sons and later changed to Champion Tax. Focus is on tax preparation for business and personal clients with some bookkeeping.

Market Competition and Expansion:

Prices are wisely placed above H&R Block and below CPA firms. Current rate of growth is about 12 new clients per year and price growth is 2% per year.

Reason for Selling:

Retiring

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 not a franchise resale opportunity.

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