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Tax Practice, Payroll, Bookkeeping Services
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $400000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 8 weeks, 20 hours per week to facilitate client introductions.
Reason for Sale Retirement.
Description What makes this a sensational acquisition target is that the revenue doesn't look like a barren wasteland after April 15th. About 55-65% of the revenue is captured outside of the busy tax season which provides stability and a higher quality of life for the staff and owner and a regular recurring revenue model overall. Average tax preparation for smaller clients is two hundred, larger accounts can go seven fifty plus per.
Currently not cross-marketing insurance services or other professional services to the existing clientele, so there is room to expand the core offerings to the client base. Seller is prepared to provide up to 50% financing to qualified buyers that have real estate or other suitable collateral that can be secured against any Seller financing note. Gross and net have been steady the past 3 years running, all data is verifiable via Quickbooks. Majority of returns are individuals, about 70 companies. NDA is required to review due diligence package on file with Broker.
Facilities: In a plaza with plenty of parking, a rarity for the South Bay. Office space has 5 work stations spread across 3 work areas and main office for Owner that is private.
Competition: Well known in the community, stellar reputation, tons of referrals. Take the infrastructure and good name and take the book of clients and bring them in-house to an existing firm or take the existing book of business and grow it.
Growth/Expansion: Seller works full time during tax season, but is about 3-4 days only per week otherwise. The business is self-sustaining.
Financing: $300k Down, $5,524 Per Month For 60 Months at 4% Interest!
Support/Training: 8 weeks, 20 hours per week to facilitate client introductions.
Reason Selling: Retirement.
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