Listing Number: 090122-852035
Description
Owner Absentee | Profitable SBA Prequalified | Jackson Hewitt Franchise Business for Sale | Top DC Location | Est. 1995
-2023 Gross Revenues of $ 319,000!!!!!!!!!!!!! (approx.).
-SDEs of $ 91,000 (approx.)
-More than 20,000 customers in the territory
-Excellent, tenured staff in place to continue with buyer and continue aiding clients.
-Excellent cash-flow to owner, and opportunity for buyer to increase revenue by offering additional services.
-Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: roughly $91,000 in 2023
-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 $288,000 in revenue generated from Tax Returns
-Approximately $31,000 in revenue generated from CAS and Other services
-10-Year Franchise agreement due for renewal 07/2025 and Lease expires: 08/23/29 with low rent (nnn) under $ 4,000.00 with excellent store front location on super busy street
- Number of Employees 4
- Retention Strong
This very well-established, reputable accounting and tax practice is located in the highly desirable area of the landmark Capitol Hill, Washington DC. The practice caters to a premium client base of businesses and high-net worth individuals, which should continue to provide referrals and opportunities for growth. There is a very strong fee structure and revenues are derived primarily (90%) from profitable personal tax services. The firm also provides monthly, quarterly accounting/write-up and consulting services that provides solid year-round income. There are also excellent growth opportunities within the existing client base to expand services.
This leading franchise, unique, turn-key opportunity is ideal for an experienced professional looking to step into a first-rate, nation's leading reputable franchise practice. It would also be a profitable addition to or branch office for another firm looking to expand in this desirable market area. The owner is also willing to stay extend full transitioning support, as needed.
Loyal clientele base is high-net worth and pay handsome fees* for the services rendered. This firm is fully staffed with caring, independent employees who have built long lasting relationships with clients for decades. The practice strong reputation continues to generate referrals, from over 80 % clients retention rate and regular new client inquiries.
Proof of Funds Required.
Please call Aamer Chaudhary - President/CEO, Transworld Business Advisors, Downtown Washington DC at;
Cell (202) 509 3739 / (703) 4570362 / Office (202) 461 2204 or [email protected], for more information.
Listing Details
- Price: $ 175,000
- Down Payment: $50,000
- Sellers Discretionary Earnings: $ 91,000
- Total Sales: $ 319,000
- Location: District of Columbia
- Inventory: $ 0
- FF&E: $ 70,000
- Employees: 4
- Year Established: 1995
- Reason for Selling: Owner Retiring
- Category: Accounting
