| Listing Number | Location | Annual Gross | Asking Price | Status |
|---|---|---|---|---|
| MN1047 | Saint Paul MN Metro | $650,000 | $925,000 | Available |
Description:
Very Profitable High End CPA Accounting and Tax Firm in business over 13 years. This Practice has a nicely balanced revenue stream with an excellent area reputation and loyal client base. Seller changing his focus to his Financial Services business which will energize with and provide new client revenue for the new Owner of his Practice. Gross Revenue for 2010 will be $650,000+. Revenue Breakdown: 51% Monthly Accounting: (Average $4400 per client). 49% Tax Prep: (1040 Average $490), (Business Average $2000). Owner’s discretionary Cash Flow from the Accounting and Tax Practice was $288,000 in 2009. Seller Owned 1620 Sq Foot Suite with 3 Offices, Reception Area, 2 Conference rooms plus Storage and Copy Areas in a unique office building. Plus Small Satellite Office in rapidly growing nearby town. Will lease to Buyer at market rates. Offices fully equipped with upgraded Office Furniture and all other equipment, computers, copiers, printers etc and Networked Computer System included in the Price. The experienced and knowledgeable staff will stay on with new Owner. Owner will make himself available for an extended transition to provide Tax Season Support. In addition in the off season Seller will market monthly Accounting Services for the new Owner. Plus there will be the cross selling opportunity between his Financial Services Business and the New Owner's Accounting and Tax Practice. Software: Accounting: Quick Books, Peachtree. Tax: Pro Series. Windows OS. .Asking Price: Plus, the Seller will provide Revenue Guarantees and Seller Financing and be the “Rainmaker” to bring in new Business. Great opportunity for the larger firm seeking a presence in this market area.
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