“How To Sell Your Tax Business”
Wednesday November 29th,
3 pm Eastern | 12 pm Pacific
I heard a statistic the other day, that caught my attention.
I can’t verify this statistic’s accuracy, but I also can believe that it’s true.
90% of businesses that get listed with a business broker don’t sell.
I’ve seen this happen many times with tax businesses.
- Owners think we can sell our tax business for 1x – 1.5x gross revenue. After all, that’s the “rule of thumb.”
- So if you’re doing $250,000 in revenue, for example, you might think you can sell your business for something in the range of $250,000 – $375,000.
- In today’s market, yes, absolutely, some tax businesses are selling for top dollar–in fact, now may be the strongest seller’s market there’s ever been, at least in my 22 years in the industry.
But other tax businesses are deemed “not saleable” and will either shut down entirely, or will sell for way, way less than 1x revenue (try 1% of revenue and now you’re getting warmer).
What are the key factors that make the difference between a tax business that can sell for top dollar versus one that buyers won’t touch at all or want to acquire for a dirt cheap fire sale price?
We’ll be delving into these deep waters in the upcoming free “How to Sell Your Tax Business” webinar with CPA Adam Shay, happening on Wednesday, November 29.
Adam recently sold his own tax & accounting firm, so this topic’s fresh in his mind.
If you’ve not already done so, you can click here to see all the webinar details and register to attend this free webinar.
You won’t want to miss this free training if you’re a tax business owner or ever plan to become one.
Can’t attend live? Want to dive deeper on this topic? Get direct help?
Attendance at the webinar is 100% free, and we will also offer an Upgrade Option that gives you the recording, all the slides, and a bunch of other Extra Goodies.
Click here to see the Webinar Upgrade Option and all that’s included in that.