Business Overview

Established over 10 years ago, this practice offers a wide range of fast, accurate services to high net worth individuals and small businesses including tax preparation, tax resolution, corporate formation, as well as bookkeeping and payroll (Quickbooks). A bilingual staff serves a wide range of clients.
The tax practice (60% of Revenues) is balanced with Representation, Bookkeeping, and associated services (40% of Revenues) for steady year-round earnings. Over a decade of service has built a substantial referral base for continued growth, which the recent move into a seller-owned, high visibility location has only accelerated.
This an ideal opportunity for an experienced tax professional looking to jump into practice ownership or a profitable addition to an established practice with the capacity to expand into the area. The quality client base also includes a good amount of business clients, which should offer plenty of opportunities for expansion of services and continued growth through referrals.
Buyer must be an IRS Circular 230 practitioner.


  • Asking Price: $295,000
  • Cash Flow: $165,086
  • Gross Revenue: $274,671
  • FF&E: $7,800
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,160
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Owner to lease a stand alone building on main thoroughfare, Building is owned by seller and is available for sale. Monthly rent is for a gross lease.

Is Support & Training Included:

4 weeks at no cost

Purpose For Selling:

Owner wishes to retire from practice.

Pros and Cons:

Area CPAs are generally not interested in additional tax clients, creating significant market demand. H&R Block has a local office nearby.

Opportunities and Growth:

Small business are forming as the local population continues its rapid increase. There is a growing need for bookkeeping support for these new businesses that the bilingual staff can readily address.

Additional Info

The venture was founded in 2010, making the business 12 years old.

The company has 3 employees and resides in a building with approx. square footage of 1,160 sq ft.
The real estate is leased by the company for $1,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not count totally on a seller's word, however instead, make use of the vendor's solution in conjunction with your total due diligence. This will repaint an extra realistic image of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that revenue margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract brand-new clients? Many times, businesses have repeat clients, which create the core of their day-to-day revenues. Certain aspects such as new competitors growing up around the location, roadway building, and employee turn over can affect repeat consumers and also adversely impact future profits. One essential point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional average household earnings effect future earnings potential?