Growing Accounting / Payroll / Tax Business
Location Tennessee,United States
Asking Price Range < $250K
Gross Revenues $135724
Net Profit / Cash Flow $13431
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Inventory 31500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The owner is willing to train / assist and work for the new owner.
Reason for Sale Family illness / disability.
Description THIS IS AN EMERGENCY SALE DUE TO FAMILY MEMBER ILLNESS
Asking Price: $100,000 REDUCED TO $70,000
This CPA/Accounting/Tax practice for sale with clientele 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 REDUCED TO $70,000
Owner Financing: $10,000 Down; Remaining Balance at 6% Interest for 5 Years (1st Payment Due 02/01/2009).
Tax Returns Prepared: 1080 (as of 08/15/2008).
Accounting Software: QuickBooks Pro (50 Licenses).
Tax Software: TaxAct Enterprise Edition.
Equipment: Dell with Wireless Network Server.
Telephone System: AT&T 5.8 GHz Digital; 4 Wireless and 1 Base - 2 line system (new 05/2008).
All Licensing/Insurance/Subscriptions: Paid in Full through 03/2009 & 04/2009.
Workstation/Cubical Offices: 5 (with growth for 6 maximum).
The property is leased (perpetual - $400/month; 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.
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