Listing ID: 83887

Business Overview

CPA Tax and Accounting Practice for Sale

Geographic Location: North Central Wisconsin Listing # WI 1111

Practice Overview: Owner is seeking a qualified Buyer for this profitable CPA practice with a loyal and well established client base. Practice in business over 30 years.

Annual Revenue: Stable revenue pattern with 2019 at $360,000.

Owner Cash Flow: Averages 40% of Gross Revenue

Revenue Breakdown:
55% Personal and business tax preparation
25% Write-up and bookkeeping
5% Audits
15% Payroll and other business services

Excellent growth opportunity here to provide accounting, write-up, and payroll services to the business community,

Facilities: Prime location on main traffic route with parking. Six fully equipped offices, plus reception area and other rooms. Lease is assumable.

Furniture and Equipment: Networked Computers, scanners, printers, work stations, etc. Software and all office and equipment included in selling price.

Software: Accounting: Quick Books Tax: Drake

Transition Support: Owner will be available for transition support to optimize client retention

Note: Owner is also willing to include Seller Financing

Reply today if you want to acquire this profitable tax and accounting practice.

For more information about this opportunity contact: Willow Whitney willow.aps@gmail.com
Phone (414) 962-7773
Fax (920) 355 0175

Financial

  • Asking Price: $400,000
  • Cash Flow: $160,000
  • Gross Revenue: $400,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Prime location on main traffic route with parking. Six fully equipped offices, plus reception area and other rooms. Lease is assumable.

Is Support & Training Included:

Owner will be available for transition support to optimize client retention

Additional Info

The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. However, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is very essential that you not rely absolutely on a seller's word, but instead, use the vendor's response combined with your overall due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new customers? Often times, companies have repeat consumers, which develop the core of their daily earnings. Certain factors such as brand-new competitors growing up around the location, roadway construction, and personnel turn over can affect repeat consumers and also adversely impact future earnings. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the neighborhood average house earnings effect future income potential?