Listing ID: 81097
Nestled in the heart of the rapidly expanding DFW metroplex, this reputable CPA firm for sale is located in the desirable Mid-Cities Area and produces annual gross revenues of approximately $425,000. It has been providing tax and bookkeeping services to a loyal and growing client base of individuals and small businesses for nearly 30 years. Revenues are nicely balanced between accounting services (36%) and tax work (64%) to provide year-round income. With a strong fee structure and a knowledgeable, highly capable tax manager available to assist in a smooth transition, this practice is primed for new ownership and continued growth. It is the ideal size and opportunity for an experienced CPA ready to step into a turn-key practice or would make an easy, profitable addition to another DFW practice looking to expand.
- Asking Price: $530,000
- Cash Flow: $203,780
- Gross Revenue: $425,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is very essential that you not count absolutely on a seller's word, but rather, utilize the seller's solution in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can suggest that earnings margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their everyday earnings. Certain aspects such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can influence repeat customers and adversely affect future revenues. One important thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the possibility to build a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local mean household income influence future revenue potential?