Tempe, Arizona CPA – $515,000 – CPAs Transferring

SOLD

Asking Price:

$515,000

Cash Flow:

$264,000

Gross Revenue:

$470,000

EBITDA:

N/A

FF&E:

$5,000

Inventory:

N/A

Rent:

$1,329

Established:

1997

Business Description

Traditional or Virtual Options with Two Transferring CPAs (Bulk of Workforce) Buyers can run this as a traditional CPA firm or convert to a virtual model after lease termination in May of 2023. Its a perfect opportunity for both traditional and virtual buyers. A robust set of business clientele drive 70% of the revenue generated. With more accounting than tax (60/40), this firm provides year around revenue. 50% plus margins in the traditional firm and mid 60% if you elect to move this to virtual. The clients are already predominately virtual with just a few in-person visits. Two existing CPAs (bulk of the workforce) will transfer with the firm and commit if we find the right buyer!

Detailed Information

Location:

Tempe, AZ

Real Estate:

Leased

Building SF:

1279

Lease Expiration:

5/31/2023

Employees:

3

Furniture, Fixtures, & Equipment (FF&E):

Included in asking price

Facilities:

The firm has a small footprint in Tempe, Arizona. Just a couple of blocks off the main N/S 101 freeway in the East Valley, it has ultimate accessibility with ample parking. It’s just 1,279 square feet and, at $12.50 a foot, this is just $1,330 a month in lease costs. The perfect East Valley location. The office is aesthetically pleasing to the eye with neutral colors and functional design. It has 1 large office and three smaller offices. There is an area for customer reception, a conference room, a work space and a storage room.

Growth & Expansion:

With both traditional and virtual possibilities, space to grow in its existing location growth is only limited by human capital. Plenty of upside here.

Financing:

Seller will carry up to 20% of the purchase price. This carry is subject to buyer qu

Support & Training:

Owners will provide an adequate familiarization period free of charge. They are also willing to stay and act as a production arm of the company.

Reason for Selling:

Retirement

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