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 best suited for a buyer who already has a CPA practice and wishes to expand through acquisition.

Down Payment: N/A

Total Sales: $367,000

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 60 hours/week, as needed

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 5

Absentee Owner: No

Security on Lease: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Square Footage: 1,450 SF.

Franchise: No

Relocatable: Yes

Facilities Information:

The seller owns the mixed-use building where the practice operates. The building and FFE can be discussed separately, but are not included.

Reason For Sale:

Owner wishes to semi-retire and to continue to support the practice as needed.

Training & Support:

As needed, continuous support possible.

Historical Summary:

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

Owner Qualifications:

Should be an established CPA and financial planner.

Competition:

Virtually no CPAs are taking new clients in the region of Colorado where the business operates. There is far greater demand than there are available services.

Potential Growth:

The owner frequently turns down new client requests. The ideal buyer would be an established CPA with an interest in expanding through acquisition.