Established Income Tax Franchise For Sale
Listing Price: $199,999
- Asking Price: $199,999
- Cash Flow: $80,000
- Gross Revenue: $200,000
- Inventory: $2,000
- Rent: $1,900
- Established: 2002
Business Description
Profitable Seasonal Tax Business
Profitable Tax Business, Only 4 months per year (January-April)
This is an established tax franchise that has been in business since 2002 and has over 2,700 retail branches. This office processes 700-800 returns per season, and customer retention is 70%+. The Office Manager has been working here for the last 11 years, and the tax preparers have been returning for the last 4+ years. The office was completely remodeled in 2023.
No prior tax experience is required. Buyers must have or apply for an Electronic Filers Identification Number (EFIN) through the IRS website.
Seasonal Business- most of the income is generated in 4 months (January-April) and the rest of the year is free to enjoy doing what you want.
Buyer is responsible for a one-time franchise transfer fee of $5,000 at closing.
Detailed Information
Location: Oakland County, MI
Inventory: Inventory not included in asking price
Real Estate: N/A
Building SF: 1200
Lease Expiration: 2026-04-30
Employees: 1FT / 4PT
Facilities: Tons of visibility being on 8 Mile Rd. Plaza is busy with established businesses. There is plenty of parking and lighting in the parking lot.
Competition: Liberty Tax only competes with H&R Block and Jackson Hewitt. Other mom-and-pop businesses are around but are not considered competition. Others come and go every year, but we have stood the test of time for the last 22 years at this location.
Growth & Expansion: Everyone must file taxes so the business will always be around. The company can grow with more marketing and stronger staff. Adding corporate tax filings, payroll, and bookkeeping services would also increase the business.
Financing: $90,000 Down with $110,000 EIDL Loan - Balance Assumable
Support & Training: Mandatory training with Franchisor for new franchisees. Owner will train for a period of 2 weeks.
Reason for Selling: After 19 years the owner is ready to dedicate time to other business interests.
- Listing ID: 54343
- BizBuySell ID: 2245038