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Whether it is from fates long arm or a successful and well-planned business exit, we know that someday you will part with your business. We want to help you make your dreams come true.
$200,000
$131,000
$256,349
N/A
$1,000
N/A
$1,347 per month
2011
This firm is a long standing and stable CPA firm in Central Tucson, Arizona. The SDE margin on this small firm is over 50% with strong tax return pricing and some monthly accounting revenue. The firm is being offered at a discount. The firm is not in distress but the principal would like a quick sale and so is offering an opportunity to acquire this firm at discount and with lucrative terms. The firm is 65% tax with 35% in accounting related revenue with average 1040 and corporate returns averaging $450 and $1,000 respectively. There is one full time employee that may transfer if desired. The employee does most of the bookkeeping work and contributes substantially to the administration and client service functions. The principal is flexible as to their role after acquisition. They can stay on and continue to help during tax season for the transition year or they can help through a short transition and move on into retirement, leaving all the cash flow for the buyer. The lease expires in November of 2024. The buyer can negotiate a new lease at the existing facility or relocate the practice to their own infrastructure. The principal is a CPA but will consider CPA or EA owner operators. This is an excellent practice for a first time buyer or a great add on opportunity for established firms.
Tucson, Arizona
Leased
900
November of 2024
1
Traditional desks, chairs, tables, filing cabinets and small equipment that are used in the production of the revenue will transfer in the sale.
The building and a 900 square foot office create a professional environment with ample free parking that is well-maintained. The space contains three offices. One of the offices is significantly larger than the other two, providing a comfortable space for the principal to work. There is also a reception area that opens up to a larger work area with a supply closet and a work counter complete with printer, postage meter, fax machine and client filing systems. There is a also a room in the back with a sink, small refrigerator and work space that is used for contractors or auditors. This space also houses the firm’s server. Lease expires in November of 2024. Buyers can lease the existing space or relocate the clients to their own infrastructure.
The practice has ample opportunities to grow. The principal has elected not to take on new clients this year and has been very selective in the years leading up to her exit. The practice has taken on new clients only to replace clients not returning.
The seller is offering to carry up to 40% of the purchase price. This note is adjustable and is subject to downward adjustment based on retention of clients and the corresponding revenue. Buyers are protected from downside risk, if clients do not return after the sale and revenue falls.
The seller will provide up to 80 hours of familiarization and consulting free of charge as a part of the purchase price.
Retirement
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