Listing ID: 83872
NORTH CENTRAL IOWA CPA PRACTICE FOR SALE Listing # IA 2099
Geographic Location: North Central Iowa – Wright, Franklin, Butler, Grundy, Hardin, Hamilton, Story, Marshal counties.
Enjoy the quality of life. Build your practice and raise your family in a beautiful city with friendly people and loyal clients.
Practice Details: This well-established CPA practice for sale produces gross revenues of approximately $320,000, balanced between tax (57%) and accounting/payroll (43%) to provide year-round income.
This reputable practice serves a loyal client base that should generate referrals and expand service opportunities. It has a solid fee structure and produces cash flow to the Owner of more than $96,000 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 would make a profitable addition to another established firm looking to expand in this market.
Average Bill Rate: $150/hr
Facilities: Attractive office suite in a main street professional building. First-floor office spaces (three) with a reception, breakroom, and conference room. Parking. Convenient to business clients and local restaurants. Favorable lease terms or building purchase considered.
Staff: Owner + two FT. Very competent staff will stay on after the sale. The Owner will stay on as long as needed to facilitate a smooth transition.
Seller financing considered.
For more information about this opportunity, reply or call Fred Silloway today:
phone: (262) 719-5401
For additional Practice listings, for sale, or a FREE Practice Valuation for your Accounting or CPA Firm see the link below:
- Asking Price: N/A
- Cash Flow: $96,000
- Gross Revenue: $320,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- 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
Attractive office suite in a main street professional building. First-floor office spaces (three) with a reception, breakroom, and conference room. Parking. Convenient to business clients and local restaurants. Favorable lease terms or building purchase considered.
The Owner will stay on as long as needed to facilitate a smooth transition.
The business has 3 employees and is located in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they might say "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of other reasons. This is why it is really essential that you not depend absolutely on a vendor's word, however instead, utilize the vendor's solution combined with your total due diligence. This will repaint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that earnings margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new consumers? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Specific variables such as new competition growing up around the area, road construction, and staff turnover can affect repeat consumers as well as negatively impact future incomes. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the regional average household earnings effect future revenue prospects?