Listing ID: 83884

Business Overview

MT2094

Asking Price $599,000

Geographic Location:
Southern Montana – Highly desirable university town with near-endless year-round recreational opportunities.

Practice Details:
This well-established CPA practice for sale produces gross revenues of approximately $532,000, which are nicely balanced between tax (51%) (of which 52% is personal and 48% is business), accounting (30%), and payroll (14%) and consulting (5%) to provide year-round income.

Ideally located in an area known for a high-quality life, higher median income, and strong growth, 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 40% of gross—strong 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 ready to jump into practice ownership or would make a profitable addition to another established firm looking to expand in this market.

Annual Revenue: $532,000
Owners Cash Flow: $213,000

Revenue breakdown:
Individual and Business tax preparation: 51%
Write-up/Accounting: 30%
Payroll: 14%
Consulting/Training: 5%

Average Bill Rate: $200/hr

Facilities:
Architecturally appropriate condo office building on the main street. Five first-floor office spaces with a reception and conference room. Parking. Convenient to business clients and local restaurants. Assumable lease.

Furniture and Equipment:
Networked Computers, workstations, and a full complement of office furniture, printers, copiers, plus all other equipment and software included in selling price.

Software: QB and Lacerte.

Staff:
Owner + two FT + two PT. Very competent staff will stay on after the sale. Owner will stay on as long as needed.

Revenue Guarantee: available.

For more information about this opportunity, reply today:
Fred Silloway fred@accountingfirmsold.com

Phone (262) 719-5401
Fax (920) 355-0175

Financial

  • Asking Price: $599,000
  • Cash Flow: $213,000
  • Gross Revenue: $532,000
  • 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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Networked Computers, workstations, and a full complement of office furniture, printers, copiers, plus all other equipment and software included in selling price.

Is Support & Training Included:

Owner will stay on as long as needed.

Additional Info

The company has 5 employees and is situated in a building with approx. square footage of N/A sq ft.
The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nonetheless, the real reason and the one they tell you might be 2 entirely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a range of various other reasons. This is why it is very vital that you not depend entirely on a seller's word, yet rather, utilize the vendor's response together with your general due diligence. This will repaint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally 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 agreements with suppliers that should be fulfilled or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their daily earnings. Particular aspects such as new competitors sprouting up around the area, roadway building and construction, and staff turn over can affect repeat consumers and adversely influence future incomes. One crucial 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 main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning consumer base. A final idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the local average home income effect future income prospects?