Listing Number Location Annual Gross Asking Price Status
MI1143 Commerce Twp $354,000 $407,500 Sold

Description:

This well-established Tax and Accounting practice for sale in Commerce Township has annual gross revenues of approximately $354,000. The owner has developed a solid reputation in the community for providing professional services which lend to the ample amount of referral business from other professionals. Revenues are nicely balanced between accounting services (51%); bankruptcy, business valuations, and forensics (30%); and tax work (19%) to provide year-round income. The vast majority of the work is done electronically which helps translate into higher than average cash flow to owner near 60% of gross. The owner is available to assist with transition, if needed, as well as a couple of staff members in place to assist in a smooth transition and provide capacity for growth.

In order to qualify for the Valuations & Financial Forensics revenues, a buyer must have their CVA and CFF qualifications along with either an MBA or Doctorate credentials. The revenues generated from these services accounted for approximately $102,000 in 2017 & $122,000 for the last 12 months.

If you do not already have these credentials or are simply not interested in these services, the seller has shown willingness to carve out this portion of the practice and continue to do this work in order to supplement their retirement income.

To obtain additional information on this practice go to Request More Information and register with broker. You can also be placed on a free listing notification list. Not all information is included above due to confidentiality concerns. The information is provided by sellers and has not been audited or verified by Accounting Practice Sales, Inc. or any of its independent brokers. Buyers are responsible for their own due diligence before buying any practice. Buying and operating a tax or accounting practice involves a certain amount of risk and requires business experience and professional skills.

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