This well established business operates two protected territories of a highly respected national franchise tax preparation service. The combined territories have a total population of 100,000 residing in 34,000 households. The company has a superb reputation, earning them repeat business above the average for the industry. An experienced and qualified staff completes approximately 1,000 returns annually. This is a seasonal business with full time operations only during the 14 week period of January 1st to April 15th. During the remainder of the year, the offices are open one day per week.

The business would be attractive to several types of buyers such as the following: (1) The current owner has other business interests and is only involved in managing the company and does not prepare tax returns. A new owner could maintain this operating arrangement and continue to work at other activities and interests; (2) Another potential operating model is one where the new owner is fully engaged in the business, including the preparation of tax returns. This might be a person who has other obligations or interests or a retiree who wants to stay engaged. The seasonality of the business allows a semi-retirement approach generating income to travel, vacation, fund personal projects or pursue other interests; (3) Tax return preparation can make an excellent add-on service for a variety of financial professionals such as investment advisors, retirement planners and bookkeepers. The potential result is a considerable revenue increase with relatively little increase in overhead expenses.

Posted Jun 21, 2016

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