20 YRS OF PROVEN SUCCESS & PROFIT IN FINANCIAL SERVICES
FRANCHISE FOR SALE IN PASSAIC COUNTY, NEW JERSEY
List Price: $140,000 USD
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Annual Gross Revenue:
$184,000 USD
Annual Net Profit:
$25,000 - $50,000
Value of Inventory:
Less Than $25,000
Value of Assets:
Less Than $25,000
Business Category:
Accounting/Tax Service
Business Operates From:
A Retail Location
Year Established:
2003
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
Somewhat
PRICE/TERMS
FLEXIBILITY
Full-time
OWNER INVOLVEMENT
SUMMARY
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. This prime location ensures 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. 6. Growth Potential: Seller passes to the buyer the untapped potential of social media marketing. There’s also room to grow the accounting and payroll services. Plus, you can increase fees to align with inflation for added profitability. —> 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. —> Seize the Opportunity: 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!
PHOTOS
FACTS
Part-Time Employees:
6-10
Full-Time Employees:
1-5
Total Employees:
Less Than 10
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$2,000/month
VIDEO
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Oversee the entire operation
FRANCHISE BRAND ACCOLADES AND AWARDS
Entrepreneur Magazine Franchise 500 Rankings in several categories for over 20 years!! Many other rankings and awards from industry experts such as: Franchise Times, Franchising.com; Accounting Today and MORE!
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.
ADDITIONAL INFO
Liberty Tax is a large brand with 2700 locations. It's a fun brand, never taking itself too seriously. Liberty has additional revenue streams that can be added to the business such as Accounting & Payroll and a brand new installment Loans program. Other possible add-ons are Medicare Enrollment & Mortgages and Insurance Services. These can help grow to be more of a year-round business if preferred over a more seasonal operating model. ------> The Corporate team is committed to franchisee success by providing 365-day support to meet the demands of the market while supporting you when you need it most. As a Liberty Tax® franchisee, you receive: - Support from your Area Developer and National Advisory Council Representative - World-class marketing programs for your local area - Industry-leading on-going training programs - 24/7 access to support channels and experienced franchisor knowledge base - Exclusive networking and education at the annual national convention.
BONUS MATERIAL
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.
REASON FOR SELLING
Retirement
GROWTH OPPORTUNITIES
A new owner has multiple avenue to increase business. Do more aggressive marketing (we rely on word of mouth only), utilize social media (we don't), expand into accounting and payroll services, increase fees which have lagged with inflation (a simple, timely way to increase profits).
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