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> Recession proof tax business for sale w 3K sf building
Recession proof tax business for sale w 3K sf building
Recession Proof Tax Preperation Business for sale in 3 states!
Owner is retiring ( at an early age due to extreme success)
Will sell individually or entire company.
Net revenue this year for tax season ending April 15th as follows:
5 Chattanooga Locations- $878,000+
1 Dalton Ga Location- $176,000+
1 Newberry SC Location- $248,000+
The tax industry is BOOMING as more and more people find the tax changes to be so complex they are turning to professionals for help.
YOU DO NOT NEED TO KNOW TAXES TO OWN A TAX OFFICE!
All the training is provided to you and your employees on how to be the CEO of your business, operate to gain the highest profit margins and work only 4 months a year for a 12 month income!
explination of high profit margins: When people have only from Jan 15th-April 15th to file, you generate a full year of income in those short months.
Another fine point is the pay scale for employees and managers.
ALL are paid at a minumum wage or minimum salary and receive a performance based bonus...this means, if they want to make more money they hae to produce more money for you!
There are two times in this industry to gain income and you location/demographics will determine where your higher time should be:
1. Early season clients, younger making less money receiving high refunds and they want it fast fast and faster.
They come to file simple tax forms and you are the go between for them and the bank who (if they are aproved) will give them a loan against their refund OR if they cannot pay you up front but do not want the loan can still use the banks service to have YOUR preperation fees paidout of their refund. (Client pays the banks processing fees for this)
2. Late Season clients are older, more established and have more complexities with their tax returns. They may own a house, business or have investments and with all the changes in taxes each year tey try to complete themselves and just cannot. These people are not interested in speed or how big their refund is, they want accuracy and value.
If you are in a low income area you can see as high as 50-55%our income in just 3 weeks Jan 25th-Feb 14th.
Then the higher income folks will come in last minute and you could expect possibly 20-25% of your income to arrive April 9th-15th
High Income areas are a little different, Lower income folks will sometimes WORK in the high income areas, if you market right you can get early season business in addition to the higher volume of late season business.
Owner has locations in Every demographic from, Inner city, High income, Mid class and even out in the country.
Her stores have led the country for increase in visibility nationally, her small town store in SC still holds the record for Most returns AND Most revenue in a 1st year store and has for the past 4 tax seasons producing 1658 returns and over $226,000+ in revenue in a town of appx 10,000 people!
All her locations are in the top in the nation, competing and beating out extremely large cities like New York, Chicago, Detroit, Houston, LA etc by simply working hard, following a proven system of business, and above all Marketing Marketing Marketing!
Marketing your business is KEY, it matters not how pretty your store looks, or how well trained everyone is or how gourmet your coffe may taste if People aren't walking through the door.
Owner is offering to help through the first year as you adjust to this industry, ensure that people are trained and things go smoothly for the transition.
All office equiptment is up to date most is NEW and everything is turn KEY!
This location in Chattanooga includes a 2895 SF Building which will be sold under appraisal with the business!
Well Established, over 13 years old with more than 2500 clients in the last 2 years.
This is NOT a CPA office, This would be considered more of a retail/service business so no Big Degree Required
Full training and support at every turn
Please contact for further details, and to get a current P & L for last 3 years
If interested in whole company, price would be negotiable at a lower rate, owner financing still is an option.
Company had Well over $1 Million in NET revenue in 2010 gain with an average profit margin of over 40%.
Thanks for reading, we look forward to helping the next generation of people ready to change their lives as this owner did soon!