Growing Accounting / Payroll / Tax Business
Location:
United States
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Tennessee
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Knoxville
Industry: Professional Services > Accounting and Legal
Business Summary
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.
Financials
Asking Price Range: < $250K
Gross Revenues:
$135,724
Cash Flow:
$13,431
Cash Flow Type: EBITDA
Inventory: $31,500
Seller Financing: Yes
About The Business
Year Established: 2004
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: The owner is willing to train / assist and work for the new owner.
Reason For Selling: Family illness / disability.
Photos
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Click on the "I'm Interested" button above for more information on this Professional Services > Accounting and Legal business for sale.
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Print Listing Id: 70089451
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