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 (SDE)
$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 is one of North America’s largest retail tax-preparation franchises, founded in 1997 and franchising since 1998. It serves individual filers and small businesses through neighbourhood storefront offices and online preparation, building its brand around accessible, locally trusted tax help.
Beyond seasonal returns, franchisees can add year-round revenue through bookkeeping, tax-debt resolution and a suite of consumer financial products, helping to smooth a business that peaks between January and April. Offices run on a protected territory model, and the network spans the United States and Canada with more than 1,200 franchisees.
The brand traces its roots to the acquisition of Canadian franchisor U&R Tax Depot and grew into a nationally recognised name in paid tax preparation. It now operates under new ownership following a 2024 restructuring of former parent NextPoint Financial, led by a management team focused on franchisee support and its community-based positioning.
Franchisee Support
Liberty Tax provides year-round (365-day) franchisee support rather than help limited to filing season. Owners work with a dedicated Area Developer and a National Advisory Council representative, draw on established training programmes and marketing resources, and have access to ongoing support channels and the franchisor's knowledge base. An annual national convention adds networking and continuing education. For a resale, buyers should confirm what transfer training and system access Liberty Tax provides to incoming owners, and the experience level of the seasonal staff carrying over with the office.
Brand Accolades & Awards
Liberty Tax has long been a fixture on Entrepreneur magazine's Franchise 500, ranked across more than two decades of the list, and was named to Accounting Today's Top Tax Firms (2016 and 2017). It has also been recognised by Multi-Unit Franchisee magazine and Franchise Times, and was named among Franchise Business Review's Top 200 franchises in 2026. For resale buyers, brand-level recognition should be weighed alongside the specific office's local reviews, referral sources and community standing.
Industry / Market
Paid tax preparation is a resilient, essential-service category in the US, where more than half of taxpayers use a professional preparer and filing continues regardless of economic conditions. The US tax-preparation services market is estimated at roughly $14 billion a year. Demand is highly seasonal, concentrated in the winter-to-spring filing window, which makes staffing and client retention central to performance. Tax-code complexity and steady small-business bookkeeping needs add year-round revenue potential that buyers should weigh territory by territory.
Ideal Owner
The model suits an organised, customer-focused operator who can recruit and manage a seasonal team through the January-to-April peak and keep service quality consistent under pressure. Local sales and community engagement matter, since much of an office's business comes from returning clients and word of mouth. A background in finance, accounting or tax is helpful for credibility but is not required, as the franchisor supplies training and systems. Owners comfortable building client relationships and willing to market locally tend to fit best.