Longstanding, Profitable Accounting Practice

This longstanding accounting practice is based in Colorado yet offers services in many states for individuals, partnerhips and corporations. The practice is suitable for a CPA or EA.

Down Payment: N/A

Total Sales: N/A

Cash Flow: $156,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: N/A

FFE Included: No

Inventory: N/A

Inventory Included: No

Year Established: 1995

Year of last Acquisition: 2015

Days & Hours of Operation: 8:30 AM - 3 PM, Monday - Friday

Owner Hours Per Week: As much as needed, especially around tax season.

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 0

Absentee Owner: No

Security on Lease: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Franchise: No

Relocatable: Yes

Facilities Information:

The existing office space and FFE are not included.

Terms and Conditions?:

$175,000 in cash at closing plus 15% of gross billing revenue on those clients who transfer to the new owner for a period of two years.

Reason For Sale:

Owner wishes to semi-retire and work exclusively with one favorite client.

Training & Support:

Introductions only. The buyer must be a CPA or EA and have the ability to take on as many as 400-500 new clients.

Historical Summary:

30 years in buisness, 10 years under the current owner.

Owner Qualifications:

Must be an established CPA or EA.

Competition:

There is far greater demand for tax and accounting services than there are available service providers.

Financing/Terms:

The seller is not interested in seller financing.