Listing ID: 80933
Business Overview
This award-winning tax preparation franchise has over 4,000 locations in the United States and Canada. Located in a high traffic area with nearby residential housing and popular businesses, it may operate as a seasonal or year-round operation. Established client list with a high retention rate. This essential service and recession resilient opportunity is ripe for growth with possible additional business lines and revenue streams including consumer lending, insurance, mortgage origination, bookkeeping services, etc. Including best-in-class tax software, a new mobile app, and a franchisee-facing app, this business can be run from anywhere! The owner is looking to pass this on due to retirement.
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Financial
- Asking Price: $120,000
- Cash Flow: $56,627
- Gross Revenue: $108,255
- EBITDA: N/A
- FF&E: $75,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Located in a busy strip mall close to residential housing with 1200 sqft.
Yes, 6 weeks.
Retirement.
This Business Is An Established Franchise
Additional Info
The venture was started in 2012, making the business 10 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nevertheless, the real factor vs the one they tell you might be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is very crucial that you not count totally on a seller's word, however instead, utilize the seller's response together with your general due diligence. This will repaint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that profit margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Specific factors such as new competitors growing up around the location, road building and construction, as well as staff turnover can affect repeat consumers as well as negatively impact future incomes. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Just how might the regional typical home income influence future earnings prospects?
