Highly Rated Income Tax Service with Amazing Reviews!

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Seasonal Business Allows for Summer and Autumn Flexibility
Asking Price:
$119,000

Gross Revenue:
$143,174
Cash Flow:
$50,324
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$1,000
included in asking price

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Business Description

Beloved and a little bit quirky, this tax service only firm provides caring and fun tax service year after year to a loyal client base.
The business is being split with the majority (face to face clients) staying in this transaction and a few (online) moving with another firm.
Recently achieved $1.0MM in refunds for clients.
Pricing is positioned higher than H&R Block but much lower than a CPA firm. This provides great service at competitive price.
Clients join at a net rate of about 12% per year and fees rise at 2%.
Seller is willing to stay on full or part time.
This business is located in Palm Desert.

About the Business

Location:
Riverside County, California
Year Established:
1993
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
400
Rent:
$400.00 Per Month
Facilities:
Located in an upstairs office suite sharing with Property Manager for sweetheart rent deal.
Business started in 1993 as McMillen and Sons and later changed to Champion Tax. Focus is on tax preparation for business and personal clients with some bookkeeping.
Market Outlook/
Competition:
Prices are wisely placed above H&R Block and below CPA firms.
Growth & Expansion:
Current rate of growth is about 12 new clients per year and price growth is 2% per year.
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About the Sale

Reason For Selling:
retiring
Training/Support:
32 weeks
Seller Financing:
60000.00

Listing Info

ID:
1550806
Ad Detail Views:
4483

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Business Listed by

Rick Rayl

Transworld Business Advisors Coachella Valley
License# 02052577

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