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H&R Block Properties For Sale 

    



Interested in Purchasing a H&R Block Property for Investment?

 

If you wish to purchase a H&R Block property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net H&R Block Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

H & R

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Public
Traded as
Founded Kansas City,Missouri,U.S.(1955)
Founder
  • Henry Bloch
  • Richard Bloch
Headquarters Kansas City,Missouri,U.S.
Area served

United States,Canada,Australia,India,

Brazil

Key people
Products
Revenue

$3.04 billion(FY 2012)

[1]
$2.3 billion(FY 2012) [1]
$455 million(FY 2012) [1]
Total assets $4.6 billion(FY 2012) [1]
Total equity $1.3 billion(FY 2012) [1]
Number of employees
2,500(April 2012) [1]
Slogan
  • Never Settle for Less (English)
  • No Te Conformes Con Menos (for Spanish speaking clients)
Website hrblock.com
 

      

    

About H&R Block :

 

H&R Block  is an American  tax preparation  company in the United States, claiming more than 24.5 million tax returns prepared worldwide, with offices in Canada, Australia, Brazil, and India. The  Kansas City-based company also offers banking, payroll, personal finance, and business consulting services. 

Founded in 1955 by brothers  Henry W. Bloch  and  Richard Bloch, Block today operates 11,000 retail tax offices in the United States, plus another 1,700 abroad. Block offers its own consumer tax software called H&R Block at Home (formerly TaxCut), as well as online tax preparation and  electronic filing  from their website 

During  World War II,  Henry W. Bloch  was a young  Army Air Forces  navigator who wanted to start a family business with his brothers in Kansas City.[2] 

Home from the war in 1946, Henry saw a pamphlet suggesting a bright future for companies serving small businesses, and it fired his imagination.[2]  That year, Henry and his older brother, Leon, borrowed $5,000 and opened a small  bookkeeping  business on Main Street in downtown Kansas City.[2]  However, four months later, they had few clients and Leon decided to seek a  law degree.[2] 

Henry wanted to keep trying with the fledgling business and placed a newspaper ad for help-wanted.[2]  He got an unexpected response—from his mother—who proposed that Henry hire his younger brother,  Richard, for the job.[2]  Henry and Richard Bloch jointly ran their United Business Company, which focused on bookkeeping, but also did some income tax work for clients. The brothers found that doing taxes was time-consuming and they decided to end that type of service. One of their clients, John White, an ad salesman for  The Kansas City Star  newspaper, had a different idea; he suggested the Blochs make tax preparation a separate business and developed an ad announcing $5 tax services. The Blochs were not convinced, but they agreed to run the ad in January 1955. The next day, the brothers had an office full of tax clients, and H&R Block was born. 

In 1956, the Blochs decided to expand and picked  New York City. The move was profitable, but neither brother wanted to move to New York, so they agreed to sell that regional operation to two local accountants. However, since the would-be buyers could not meet the asking price, the parties agreed the Bloch brothers would get $10,000, plus royalties from the tax operation, creating the first H&R Block  franchise  tax office. The Bloch brothers chose to spell the name "Block" with a K to ensure the name is not mispronounced "blotch."[3]  In the following years, H&R Block grew quickly and went public in 1962, then opened its first tax training school in 1965 to meet the demand for skilled tax professionals at its franchise offices. 

A TV ad campaign begun in 1972 featured Henry Bloch and became the springboard for H&R Block becoming one of the most widely recognized  brand  names in the U.S. In 1980 H&R Block purchased the  Compuserve  online service. 

By 1986, Block was handling more than 10 million tax returns each year and had opened offices in  Canada  and  Australia. That year, Block worked with the  Internal Revenue Service  to introduce  electronic filing. Since then, Block has moved further into the digital realm with tax software and online tax preparation. 

The company began to expand in the 1990s into the financial services arena, offering mortgage loans, banking, and business services. H&R Block purchased Olde Discount Stockbrokers and operated as a full-service securities broker-dealer under the name H&R Block Financial Advisors. By 2007, the unit was managing $33 billion in assets, offering investment planning, advice and related financial products and services, and employed 900 financial advisors in the U.S. In 2008, H&R Block sold the unit to  Ameriprise Financial  for US$ 315 million.[4] 

RSM McGladrey Business Solutions was created in 1999 when H&R Block acquired the assets and business of  McGladrey & Pullen, based in Bloomington, Minnesota. McGladrey had 100 offices in 25 states and offered accounting, consulting, tax services, and international business services to mid-sized companies. Its clients included business in the construction, health care and manufacturing industries. Through an alliance with McGladrey & Pullen and other accountancies, the Block subsidiary operated in 70 countries under the RSM International name. In 2011, H&R Block sold the unit to McGladrey & Pullen.[5] 

 

H&R Block   Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming  



 

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