Listing ID: 81531

Business Overview

OVERVIEW
ABA Advisors, through a co-brokerage agreement, represents this Tax & Accounting practice located in Metro Milwaukee, WI. The seller is willing to provide transitional assistance to the buyer to help ensure client retention. This well-established practice is heavy individual tax work with a mix of accounting and business tax clients.

Financial

  • Asking Price: N/A
  • Cash Flow: $73,500
  • Gross Revenue: $210,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

The seller is willing to provide transitional assistance to the buyer to help ensure client retention.

Purpose For Selling:

Seller wishes to retire

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of various other reasons. This is why it is really vital that you not count entirely on a vendor's word, yet rather, use the seller's answer together with your general due diligence. This will repaint an extra reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that revenue margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, companies have repeat consumers, which develop the core of their daily earnings. Certain aspects such as new competitors sprouting up around the area, road construction, as well as personnel turnover can affect repeat customers and negatively influence future revenues. One important thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the better the possibility to build a returning customer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the local mean house earnings impact future earnings potential?