Tax Office For Sale - Profitable

Hyattsville, MD (Prince Georges County)

Tax Office For Sale - Profitable

Asking Price:$59,000

Cash Flow:$33,000

Gross Revenue:$76,000

EBITDA:$33,000

FF&E:$15,000

Inventory:N/A

Rate/Sq. Ft.:$20.00

Established:2012

Tax Office For Sale - Profitable

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Business Description

Profitable Tax Office- Owner Has Several Offices & Looking To Cut Back

This is a chance to buy an existing, well established tax practice with an existing strong client base in Prince George's County less than one mile from Washington DC. Current market value is over $90,000 asking price is only $59,000. Currently provides computerized income tax preparation, electronic filing, and refund loans.
Easily could provide additional services like accounting, bookkeeping, insurance, Tag & Title, Check Cashing real estate, travel, investments is allowed within the office by notifying the landlord. The choice is yours, work 4 months and then relax and vacation the rest of the year or add additional services and profits if you want to keep busy year round.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,000
Lease Expiration:
4/30/2021
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All Furniture, Computers, signage and office supplies are included in the price
Competition:
According to Benjamin Franklin there are 2 certainties in life : Death & Taxes. You can add another one: Change! The paid tax preparation industry has always been huge (HR Block is a 4 Billion Dollar Company). To the contrary of what some people may think, tax software has not taken away market share from paid preparation as 40% of people always have prepared their own taxes, they used a pen and some paper 20 years ago and now use TurboTax, instead. Taxes keep getting more complicated each year ( Obamacare).
Growth & Expansion:
Healthcare reform is causing millions of Americans who never needed to file a tax return to now have to file complicated forms that will drive them to retail tax professionals. Millions who now file for themselves online will be driven back to a tax pro due to complex new forms being added to tax returns based on Obamacare (ACA). As far as this office, you can easily provide additional services like accounting, bookkeeping, insurance, Tag & Title, Check Cashing real estate, travel, investments is allowed within the office by notifying the landlord. Th
Financing:
Owner Willing to finance a small portion of purchase price
Support & Training:
Owner willing to provide training and consulting for first tax season.
Reason for Selling:
Owner has multiple offices and businesses looking to cut back

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Business Listed By:
Roy Cogliandolo

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