Great Money-Making Jackson Hewitt Franchise for Sale in DC

Listing Number: 090122-852035

Description

Successful, Well-Staffed & Profitable Franchise Tax Practice Business for Sale in Great Capitol Hill Location in DC

Grab this opportunity to take over an ultra-successful Tax firm with low expense. Owner is retiring.

-The owner is EA
-This practice was established in 1995
-Annual revenue $ 319,000 (2022)
-Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: roughly $101,000 in 2022
-Software in use – Proseries, QuickBooks, Creative Solutions, Microsoft Office
-Approximately 701 Individual tax returns with an average fee of $390 per return
-Approximately 30 Business tax returns with an average fee of $590 per return
-Approximately $261,000 in revenue generated from Tax Returns
-Approximately $31,000 in revenue generated from CAS and Other services
Firm offers wide range of tax services
-Very little employee turnover; more than 6 highly competent employees
-10-Year Franchise agreement due for renewal 07/2024 and Lease expires: 08/23/25

This Single-Owner firm has always put their clients’ needs and future first which is reflected in their reputation within the community, as the Owner has owned up to 8 locations historically and 7 of them have been sold over the years, to the retiring runups . Owner is available to stay on as an advisor for smooth transitions for the right buyer. This forward-thinking practice is a full-service Tax firm made up of clients from a broad range of industries. These clients are mostly well-paid and high-net worth and pay handsome fees)*. This firm is fully staffed with caring, independent employees who have built long lasting relationships with their clients. The majority of the staff has been with the firm for over 8 years. There has been very little turnover. Clients and staff are long term. This firm is fully staffed with more than 8 highly competent employees, not including the 1 owner staying on to help the new buyer with training etc. The majority of the staff has been with the firm for over 10 years. The practice has earned a strong reputation for quality work and genuine client care. This reputation continues to generate referrals, from over 80 % clients retention rate and regular new client inquiries. With a full and competent staff and highly sought out client base, this firm won’t last long on the market!

Ideal Buyer:

The ideal buyer is a CPA certified (preferably) and have at least 3-5 years of experience in tax and estate planning. A buyer who is client focused and provides a high-level of service would fit well with this firm. The buyer would ideally keep the current office space as it is in a great location that staff and clients are already familiar with. The buyer must have the capacity to take over clients for future growth and expansion. Buyers will need to be competent in a variety of services and continue the strong client relationships. This is a rare and excellent opportunity for many Buyer scenarios including an established practice looking to onboard a desirable client base and a strong team, or a Buyer looking to move into ownership and begin with a well-established turn-key practice and excellent growth opportunities.

Proof of Funds Required.

Listing Details

• Price: $ 210,000
• Down Payment: $125,000
• Sellers Discretionary Earnings: $ 109,000
• Total Sales: $ 292,532
• Location: District of Columbia


• Inventory: $ 0
• FF&E: $ 30,000
• Employees: 7
• Year Established: 1995
• Reason for Selling: Owner Retiring
• Category: Accounting