20 Yrs of Proven Success & Profit in Financial Services
Liberty Tax franchise for sale in Passaic County, New Jersey
List Price: $140,000 USD
Key Facts
Annual Gross Revenue
$184,000 USD
Cash Flow
$25,000 – $50,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
Less than $25,000
Year Established
2003
Business Operates From
A retail location
Location Is
Leased
Approx. Monthly Rent
$2,000
Total Employees
Less than 10
1–3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
Full-timeOwner
Involvement
About this Business
Are you ready to take the reins of a successful business with a 20-year track record of growth and high client retention? Look no further than this Liberty Tax franchise, combined with an independent bookkeeping and payroll service. What makes it a gem?
1. Proven Success: Established in 2003, this business has a 20-year track record of success. It’s grown consistently, without much marketing, from repeat clients and word-of-mouth referrals. In 2022, it generated revenue of $184,000. It’s a profitable venture producing strong cash flow.
2. Prime Location: In 2022, the business moved to a new, highly visible spot in Pompton Lakes’ booming main business district, ensuring a steady flow of clients year-round.
3. Expert Staff: The dedicated team of 4-7 part time employees includes bilingual (English/Spanish) professionals, serving a large Latino clientele. You’ll step into a well-oiled machine with an excellent reputation, evidenced by a PERFECT 5 star rating on Google!
4. Low Overhead: Keep your expenses in check with minimal overhead and reasonable rent. You’ll only need essential office equipment and supplies to run the show.
5. Year-Round Income: Thanks to the synergy between the Liberty Tax franchise and the bookkeeping/payroll services.
This business is recession-resistant and pandemic-proof. With the support of Liberty Tax, one of the nation’s most reputable franchises, you’re set up for success. Purchase both entities for $140,000 or just the Liberty Tax franchise for $100,000. With your energy and ideas, there’s no limit to how far you can take this business. Inquire now!
Growth opportunities
A new owner has multiple avenue to increase business. Do more aggressive marketing (we rely on word of mouth only); harness the potential of social media (we don't); expand the accounting and payroll services; increase fees which have lagged with inflation (a simple, timely way to increase profits).
Owner's Day-to-Day Involvement
Oversee the entire operation
Asset Description
Desks, chairs, tables, computers, printers, signs, etc are estimated at $4000. Fully turnkey!
Inventory Description
Just adequate operational supplies - paper, envelopes, folders, toner, staplers, etc estimated at $500.
Reason for Selling
Retirement
Why I Love My Franchise
Brand awareness is phenomenal! There's great training and support whenever you need it. Liberty Tax remains relevant and competitive in the industry.
About Liberty Tax
Liberty Tax Service is a leading tax preparation franchise with over 2,700 locations, known for its approachable brand and recession-resistant business model. Founded in 1997, Liberty Tax provides a flexible operational approach—whether passive, part-time, or full-time—allowing franchisees to cater their involvement based on personal preferences and other commitments. In addition to tax preparation, franchisees can expand their services to include accounting, payroll, Medicare enrollment, and insurance services, adding year-round revenue streams beyond the traditional tax season. This diversification helps franchisees build a robust, sustainable business that adapts to market demands.
Franchisee Support
Liberty Tax provides 365-day support to franchisees, ensuring they have the resources needed to succeed. Franchisees receive ongoing support from their Area Developer, National Advisory Council Representative, and access to world-class marketing programs. Industry-leading training programs, 24/7 support channels, and an experienced franchisor knowledge base are also provided. Franchisees can further benefit from exclusive networking and educational opportunities at the annual national convention.
Brand Accolades & Awards
Liberty Tax Service has consistently ranked in Entrepreneur Magazine’s Franchise 500 for over 20 years and has earned recognition from other industry experts like Franchise Times, Franchising.com, and Accounting Today. These accolades reflect the brand's longstanding success and credibility. They were also recognized by Franchise Business Review as one of the Top 200 Franchises in 2026.
Industry / Market
The tax preparation industry is projected to grow from $14 billion in 2022 to $20 billion by 2027, at a CAGR of 7.5%. Liberty Tax, with over 2,700 locations in North America, is well-positioned to capitalize on this growth, particularly during tax season. The brand’s emphasis on customer service and community engagement strengthens its competitive edge in a market where individuals and businesses increasingly seek professional tax preparation assistance.
Ideal Owner
The ideal Liberty Tax Service franchisee is financially savvy and passionate about helping individuals and businesses with their tax needs. They should be customer-oriented, organized, and capable of managing a team effectively during tax season. A background in finance or accounting is beneficial, along with strong communication skills to build client relationships.