Asking Price: $119,000 Gross Revenue: $143,174Cash Flow: $50,324 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $1,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Riverside County, California
Number of Employees:
Building Sq. Ft.:
$400.00 Per Month
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.
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.
Highly Rated Income Tax Service with Amazing Reviews!
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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