Well Established Tax Preparation Franchise

Not Disclosed, MI
Oakland County

Southeast Michigan


Asking Price: Annual Revenue:
$79,000 $126,692

Services: Financial, Accounting, Insurance


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RE: Well Established Tax Preparation Franchise Broker: Tanya Popov
Owner Financing is Available!
Negotiable to a well-qualified buyer.

Quick Facts

Asking Price: $79,000
Annual Revenue: $126,692
Net Profit: Not Disclosed
Cash Flow: $39,622
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 2
BBN Listing #: 855028552
Broker Reference #: MI110920

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Business Overview:

An excellent opportunity to buy a profitable long-established franchise tax preparation office in highly populated part of Oakland county. With two 2 dedicated full-time employees, the business keeps bringing back clientele year after year. The owner is not a CPA and doesn’t actively work in the office.

Bulk of the revenues are generated in only 4 months January through April 15th. During off season the office is open only on Wednesdays. The new owner can increase sales significantly by expending services beyond the tax season. In addition to core tax preparation, franchisees now have the opportunity to offer loans, insurance, tax planning, tax debt resolution and credit repair services.

All equipment necessary for operations is included with the sale.

With the cost of buying a new franchise is $40K as a startup, this opportunity is excellent with immediate revenue and established presence in the community. This business is ideal for accounting professional or individual investor looking to get into the industry without full time involvement.

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Property Features and Assets:

The company currently operates out of a leased 2,000 sq ft space in a busy plaza with excellent visibility, car and foot traffic and plenty of parking. The lease is $1,726 per month including CAM charges with 4 years left.

Market Competition and Expansion:

Other tax prep services exist within the territory however, strong branding, solid reputation and available discounts give this franchise a competitive edge over other tax service providers. The accounting professional can increase bottom line significantly by decreasing payroll and increasing marketing in the community. This office is poised to not just increase tax preparation revenue, but to also add other products and services which will allow new owner to operate and earn revenue 12 months a year.

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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