Business Overview

Position your self in One of the largest tax preparation firms in America. Liberty Tax is a family of dreamers and doers, each from different backgrounds, but all with the same goals: to live life on their own terms and thrive financially to support themselves, their loved ones, and their community. We are looking for New Franchisees to open locations in the following areas: West Point, Aylett, Bowling Green, Burgess, Kilmarnock, Tappahannock, New Kent, Warsaw. You can keep your day job while growing your business.

Why Liberty?

Liberty Tax isn’t just an office in a shopping center or on Main Street. We’re part of the community. We support our neighborhood causes and provide important financial services to everyone who lives in areas where we serve. We’ve made a name for ourselves as a trusted tax preparer with the flexibility of a personal tax consultant and the security of a larger, established company.

We’ve been able to grow so quickly because our proven system is built on unmatched customer service, extraordinary franchisee support, and a small business opportunity with low up-front costs and potential for high ROI. Liberty is America’s Tax Service.

Financial

  • Asking Price: $40,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Established Franchise:

This Business Is An Established Franchise

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the real factor and the one they say to you may be 2 absolutely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of other factors. This is why it is extremely essential that you not depend absolutely on a vendor's word, yet rather, use the vendor's response combined with your total due diligence. This will repaint a much more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Most times, businesses have repeat customers, which form the core of their day-to-day revenues. Particular variables such as brand-new competition growing up around the location, roadway building and construction, and personnel turn over can impact repeat consumers as well as negatively affect future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the possibility to build a returning client base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the regional typical household income influence future income prospects?