Listing ID: 81475

Business Overview

Well established, very profitable and growing CPA practice. Experienced and qualified staff in place. Owner is flexible and will be available to assist in the transition as needed. This practice has been pre-qualified by our lenders for outside bank financing. Additional funds for working capital and equipment as well as acquisition costs are available to qualified buyers.

Financial

  • Asking Price: N/A
  • Cash Flow: $397,842
  • Gross Revenue: $803,000
  • EBITDA: N/A
  • FF&E: $10,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

Retirement

Additional Info

The property is leased by the business for $2,674 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the true reason vs the one they tell you may be 2 entirely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really crucial that you not depend totally on a vendor's word, but instead, make use of the vendor's solution along with your total due diligence. This will repaint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that earnings margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Most times, companies have repeat customers, which form the core of their day-to-day revenues. Specific elements such as brand-new competitors sprouting up around the location, roadway building and construction, as well as employee turnover can impact repeat clients and adversely impact future profits. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the chance to construct a returning client base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local typical family income effect future earnings prospects?