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Highly Rated Income Tax Service
Location: United States -> California
Industry: Professional Services > Accounting and Legal




Business Summary

Online Client Income Tax Service

Established tax service recently converted to 100% online clients. Clients have stayed with this company due to good money savings skills, cheerful customer service, and competitive pricing.
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 for consultation.
Expenses reflect a previous office based business and may decrease if folded into an existing practice.
Seller financing considered.
Prices are wisely placed above H&R Block and below CPA firms.
Current rate of growth is about 12 new clients per year and price growth is 2% per year.
Business previously located in a commercial office complex but is now 100% virtual.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $135,109
Cash Flow:   $74,208
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2018
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  32 weeks
Reason For Selling:  retiring

Photos

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Highly Rated Income Tax Service Photo 1 Highly Rated Income Tax Service Photo 2 Highly Rated Income Tax Service Photo 3




Print Listing Id: 700324981
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