Business Overview

Geographic Location: SE MICHIGAN

Practice Details: Outstanding tax practice just north of major metro area begun in 1992. Solo CPA/OWNER willing to stay to transition for

1-2 years. Very good cash flow of over 50% and located in affluent neighborhood.

Annual Revenue: $427,000

Owners Cash Flow: $234,000

Revenue breakdown: Individual and Business tax: $400,000 Reviews: $20,000

Listed Price: $469,000

Facilities: in great section of major metro area, 1600 square feet, 1 office with 7 rooms plus reception area, rent is $3660 monthly, assumable, triple net.

Furniture and Equipment: all computers, and server phone system come with the practice—4 computers, 1 server, desks, chairs, file cabinets

Staff: Owner CPA plus receptionist.



  • Asking Price: $469,000
  • Cash Flow: $234,000
  • Gross Revenue: $427,000
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,600
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

In great section of major metro area 1600 square feet 1 office with 7 rooms plus reception area Rent is $3660 monthly Lease assumable, triple net

Is Support & Training Included:

Solo CPA/OWNER willing to stay to transition for

Purpose For Selling:


Additional Info

The business has 2 employees and is situated in a building with approx. square footage of 1,600 sq ft.
The real estate is leased by the business for $3,660 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 absolutely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competition, recent decrease in incomes, or a variety of various other reasons. This is why it is extremely vital that you not count totally on a seller's word, but instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Most times, businesses have repeat customers, which develop the core of their everyday profits. Specific variables such as brand-new competition sprouting up around the area, road building and construction, as well as staff turn over can impact repeat consumers and also adversely influence future incomes. One essential point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to develop a returning client base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the local typical house income impact future earnings potential?