The firm is being listed at .92 of gross recurring collections despite a 54% cash flow margin, a tenured transferring employee and lucrative business return averages over $1,000. This excellent and longstanding practice is currently operated by an Enrolled Agent and boasts that 65% of revenue is business entity based. 60% tax and 40% accounting services. The periodic monthly and quarterly accounting bring in $10,000 per month. A flexible exiting principal will help as needed with production! Asking $270,000 on $292,000 of collections.
All FF&E required to generate the cash flow will be included within the purchase price.
The facilities are in a well-maintained, mixed-use, professional, single-story complex. The office is small and inexpensive with plenty of customer parking and covered parking for the principal. The space is approximately 1,225 square feet with one large office for the principal, an open bullpen area with several workspaces and a customer reception area. The suite has its own bathroom and mini kitchen area and a larger work room/storage room in the back. It’s filled with neutral colors and has a professional but casual feel.
There are plenty of growth possibilities within the accounting industry.
Seller will carry back 30% of the purchase price subject to retentive tendencies.
The seller will include familiarization and training inside the purchase agreement. The seller is also willing to continue to do tax season work for the buyer if they desire.
Checking down into retirement.