Recovery Audit Services
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $792681
Net Profit / Cash Flow $272026
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1993
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training 30 days.
Reason for Sale Retirement.
Description Price $1,000,000. Recovery audit firm serves well-known corporate clients nationwide. Services provided on a contingency fee basis include disbursement auditing of accounts payable, contract compliance auditing of vendor purchase terms, and sales and use tax overpayment auditing. Easily relocatable. There is a continuing stream of revenue from about 60 open audits, including overpayments already found but not collected upon. Auditors are independent contractors who are paid commission only after cash is collected. The business continues to grow, with 20 committed audits not yet started and 60 prospective engagements in the proposal stage. The seller is willing to be a part-time sales representative for the buyer. Assets include proprietary software, databases, licensed interactive Web site for staff and clients, and manuals that will allow a smooth transition to a new owner. The buyer need not be an accountant. The current owner works just 20 hours per week, so a full-time owner should do even better. Email or call Eric Petty, Broker, Corporate Consultants, Inc., at 727-343-0444 for more information on this Recovery Audit Service business for sale.
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