Listing ID: 83871

Business Overview

Geographic Location:  Southeast Minnesota

First-time practice owner?
Build your practice and raise your family in a beautiful city with friendly people, wide diversity, and strong economic growth.

Growing your existing practice?
Step right into a book of current and loyal clients.

Practice Details: This well-established TAX practice for sale produces gross revenues of approximately $158,000 annually.

Practice serves a loyal client base to generate referrals and expand service opportunities, with consistent year-over-year growth.

This turn-key practice is primed for a new owner, a smooth transition, and continued growth. It would be the perfect size for an experienced individual CPA or EA ready to jump into practice ownership or make a profitable addition to another established firm looking to expand in this market.

Cash Flow to the Owner of $80,000.

Facilities: Attractive office on a main thoroughfare. First-floor office spaces with a
Reception, Break Room, and Conference Room. Parking. Convenient to clients.
Favorable lease terms or building purchase considered.

Staff: Owner + two Seasonal. The Owner will facilitate a smooth transition.

For more information for this opportunity contact:
Willow Whitney willow@accountingfirmsold.com Phone: (414) 962 7773

Financial

  • Asking Price: N/A
  • Cash Flow: $80,000
  • Gross Revenue: $158,000
  • EBITDA: N/A
  • 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:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Attractive office on a main thoroughfare. First-floor office spaces with a reception, breakroom, and conference room. Parking. Convenient to clients.

Is Support & Training Included:

The Owner will facilitate a smooth transition.

Additional Info

The business has 3 employees and resides in a building with approx. square footage of N/A sq ft.
The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a range of other factors. This is why it is really crucial that you not count completely on a vendor's word, yet rather, use the vendor's answer in conjunction with your total due diligence. This will paint a more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new clients? Often times, companies have repeat clients, which develop the core of their daily revenues. Particular factors such as brand-new competition growing up around the area, road building, as well as employee turn over can affect repeat clients as well as negatively influence future earnings. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the chance to build a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the neighborhood mean household earnings impact future earnings prospects?