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*conditionally Sold* Tax Preparation & Cheque Cashing Business for Sale

(ID# 1126)

Financials

Asking Price: $900,000
Sales Revenue: $884,000
Net Profit: $299,000

Business Summary

**Asking Price Details: Tax Preparation Business $400,000, Cheque Cashing Business $275,000, Real Estate $225,000. The businesses are available for purchase either separately or collectively. This well established company, part of two recognizable and reputable Canadian franchise operations, provides a full range of income tax preparation and cheque cashing services. Profitable operation with great balance –high margin, low risk, steady cheque cashing revenue combined with more seasonal, yet attractive tax preparation revenue. This business represents an ideal opportunity to enter the industry with an established base of repeat customers. This business is being marketed by Travis Kellett, Broker, of Bridgepoint Business Brokers. To contact, please complete the form at the bottom of this listing.

General Information

Employees: 3 Full Time / 7 Part Time
Year Established: 1989

Property/Location

Real Estate: Real Property

Other Information

Training Support: The seller is prepared to train a buyer in all aspects of managing the business to ensure a successful transition.
Market Outlook: There are other tax preparation and cheque cashing service providers in the area; however, this company consists of two nationally recognized franchise operations that have earned trust and loyalty in the marketplace. The local area is poised for growth due to resource development in the region. The area has already experienced population growth, significant increases in residential home prices and building permits at record levels. All of these have a positive impact on local business and it is expected to translate into a positive impact on demand for services.
Reason Selling: Owner retiring

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