Financing

$150,000 Down and $75K over 3 yrs. @ 6.5%

Business Description

Established Tax Preparation Business | Semi-Absentee | 20 Years | Recurring Client Base

Own a well-established, highly profitable independent tax preparation business with a loyal client base and strong recurring annual revenue. Unlike a franchise, there are no franchise fees or ongoing royalty payments, allowing a new owner to maximize profitability while maintaining complete operational independence.

Established for over 20 years, this respected tax practice serves 300 active clients, with a high percentage returning year after year. While the busiest period is from January through June during tax season, the business generates revenue throughout the year through ongoing tax services and client relationships.

The current owner operates the business on a semi-absentee basis, spending less than 20 hours per week overseeing operations. Day-to-day activities are handled by an experienced manager and two full-time employees, with additional seasonal staff hired as needed during tax season. This creates an excellent opportunity for an owner-operator looking to increase profitability or an existing accounting or tax firm seeking an immediate expansion through acquisition.

A major advantage of this business is its secure payment process. Tax preparation fees are collected directly through IRS-authorized refund processing before the client receives their refund, providing a reliable and efficient collection system while minimizing receivable risk.

The business operates from a professional 5-desk location with exceptionally affordable rent of only $3,285 per month, helping maintain strong profit margins.

Financial Highlights

• Gross Revenue: $170,660
• Seller's Discretionary Earnings (SDE): Approximately $85,000
• Established: 20 Years
• Active Clients: 300
• Semi-Absentee Ownership
• Independent Business (No Franchise Fees)
• Strong Recurring Annual Revenue
• Low Monthly Rent

Growth Opportunities

• Expand bookkeeping and payroll services.
• Add business tax preparation and advisory services.
• Increase marketing to attract new individual and small business clients.
• Extend office hours during tax season.
• Cross-sell accounting and financial planning services.
• An owner-operator or CPA/EA could potentially increase profitability by reducing management overhead.

Buyer Requirements

• Serious and financially qualified buyers only.
• Minimum $150,000 in liquid funds required.
• Proof of funds will be requested prior to scheduling a buyer-seller meeting.

Confidential Sale

All inquiries will be handled with the strictest confidentiality.

Please do not contact the business directly, speak with employees, or discuss the sale with neighboring businesses. All showings are by appointment only.

Contact

Mel Vaz
631-767-0157
melvaz@vestedbb.com

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

Attention Business Owners:

We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.