Business Overview

This is a well-established CPA office that offers tax services to the public as
well as a specialty in municipal audits. The municipal audit clientele are concentrated
in New England.
The business currently operates with two CPAs, both of which are retiring.
There is one office assistant.
Opportunities for Growth
Expand tax services by means of improved marketing and recruiting of additional
accountants.
Extend municipal audits to a wider geographical range.

**Confidential listing not located in city indicated**

Financial

  • Asking Price: $450,000
  • Cash Flow: N/A
  • Gross Revenue: $360,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will assist

Purpose For Selling:

Retirement

Additional Info

The venture was started in 2000, making the business 22 years old.

The company has 2 employees and resides in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $750 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the real factor and the one they tell you might be 2 totally different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is very crucial that you not depend totally on a seller's word, yet rather, utilize the vendor's answer together with your total due diligence. This will paint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that profit margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new consumers? Many times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain aspects such as new competitors growing up around the location, roadway building, as well as employee turnover can affect repeat consumers as well as negatively impact future revenues. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood average house income influence future earnings potential?