Business For Sale Listing 152469
Established & Growing Accounting/Payroll/Tax
Status as of Dec-4-2008 at 06:00 PM: Off The Market
Business Summary
THIS IS AN EMERGENCY SALE - FAMILY ILLNESS
This CPA/Accounting/Tax practice clientele is composed predominately of tax preparation for individuals and businesses (71%) along with write-up, compilation, and payroll services which make up the remaining 29%. There is a solid fee structure with a key staff member in place who is familiar with the majority of the clients which would help to ensure maximum client retention. Emphasis on customer service has resulted in excellent client retention and contributed to year over year growth in revenue and profits exceeding 200%. This client base would be perfect for an individual starting out looking to enjoy a solid base of clients to hit the ground running or for a nearby non franchised firm looking to pick up some additional revenues the easy way.
Asking Price: $100,000 REDUCING TO $70,000.00
Appraised Value: $167,335 (by Certified Business Broker 08/12/2008)
Owner Financing: $10,000 Down; Remaining Balance @ 6% Interest for 5 Years (1st Payment Due 02/01/2009)
Gross Income: $90,483 (01/01/2008-7/31/2008)
Net Income: $48,472 (01/01/2008-7/31/2008)
2009 Projections: $129,000 +++
Accounting Software: QuickBooks Pro (50 Licenses)
Payroll Software: QuickBooks Enhanced w/Direct Deposit
Tax Software: TaxAct Enterprise Edition
All Computer/Printer Equipment: Dell with Wireless Network Server
Fixed Asset/Inventory Value: $31,500
Workstation/Cubical Offices: 5 (with growth for 6 maximum)
The property is leased (perpetual - $400/mo; includes security system & water)
Monthly Utilities – Telephone $192; Electric $60 (less than)
The owner is willing to train/assist and work for the new owner during tax season on a part-time basis and any additional help necessary to keep existing client based and recruit additional clients and business.
This is not a distressed business or bankruptcy situation.
Sale is due to serious disability of family member.
Categories
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Industry
Location
Financials
| Sales: |
Under $100 Thousand ($90,483.00) |
| Profits: |
Under $100 Thousand ($48,472.00) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
12/31 |
| Asking Price: |
Less than $100 Thousand ($70,000) |
