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Business For Sale Listing 114359

Accounting Firm

Status as of Nov-21-2008 at 06:07 PM: Off The Market

Business Summary

This accounting office in Todd County, Minneapolis, started in 1974 with no customers and now has more than 650 clients. It handles all accounting functions, such as auditing, bookkeeping, taxes, and payroll. It has very little competition and a great reputation for its strong service. With 32 years in the area, the business has deep ties to the community and enjoys an unprecedented number of repeat, loyal customers. It does little advertising and gets new customers through referrals. A new owner could expand the already profitable business by adding more staff and doing more marketing.

The office is located in a 676 square foot frame building on a 30,000 square foot lot on a state highway. The building has electric heat and two storage sheds. The site has room for building additions. It has great roadside visibility and plenty of parking. The site has easy access to surrounding communities. The area has a strong school district and numerous recreational opportunities, such as fishing, hunting, hiking and snowmobiling. The city is less than an hour from St. Cloud and Alexandria and less than two hours from Minneapolis.

The owner would be willing to stay on for up to two years following the business sale to facilitate a smooth transition.


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Industry

Sector: Business Services
Industry: Accounting & Tax Services

Location

Classification: United States // Midwest States // Minnesota // Other Minnesota

Financials

Sales: Between $100 Thousand And $500 Thousand   ($168,809)
Profits: Under $100 Thousand   ($95,814)
Profit Type: Seller's Discretionary Cash Flow (SDCF)
Asking Price: Between $100 Thousand and $500 Thousand   ($344,500)
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