+What is my business worth?
A company’s fair market value depends on many factors such as verifiable revenue, return count, client and preparer retention, growth trends, profitability, location, and many other variables. For qualifying businesses, an overall assessment of the business is performed to determine its fair market value. We offer this service at no expense to you.
+When is the best time to sell my business?
Your business is most desirable when it is growing. Ideal reasons to sell include:
- retirement in the next five years
- considering another business venture
+What happens to me?
A smooth transition of your business to the Jackson Hewitt Tax Service brand is crucial to the future success of the business. Therefore, retention of the former business owner for at least one tax season is a typical practice.
+What happens to my employees?
It is important to retain the tax professionals who helped build your business. Therefore, in most cases the key employees of the business are retained. In addition, ongoing training and support will occur. Best-qualified employees are typically given an opportunity for future advancement.
+Do I need to sign a non-competition agreement?
Yes. You will be required to sign a standard non-competition / non-solicitation agreement.
+What happens to the lease on my location?
The current lease will either be assumed or a new lease agreement will be entered into directly with the landlord. In either case, you will be relieved of your obligation.
+Can you continue to use our proprietary tax preparation software?
No, Jackson Hewitt Tax Service proprietary software will become the new entity’s tax preparation software.
+How long does the acquisition process take?
Although times vary, the acquisition process usually takes several weeks to finalize. Since we work on a first come first serve basis, we recommend starting the process as soon as possible.
+Does the purchase price include the desks, computers, etc.?
Yes, as long as the assets are in operating condition and not encumbered. The purchase price includes all tangible and intangible business assets, including rights the business name as well as phone numbers, websites, email addresses, client lists, goodwill, etc.
+How do I get started?
The first step is completing our online form or call 1-800-475-2904 and an acquisition representative will contact you.
For additional information, complete our online form or call: 1-800-475-2904