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CPA practice

Loveland/Fort Collins area in, Colorado

Asking Price: Gross: Cash Flow:
$275,000 $245,000 $97,000

Furniture and Fixtures Value:
$10,000 ( not included in the asking price)

Business Summary:
THIS PRACTICE HAS SOLD! Type of work as an approximate percentage of revenue: business taxes 25%, personal taxes 56%, compilations & other accounting services 6% and payroll prep 13%. Located in a growing area with not enough accountants and tax preparers. Seller had physical limitations (couldn’t drive) in 2014.

 
   
   
Year Business was Established: 1992
   
Number of Employees: 2FT/1PT  
   
Facilities / Terms of Lease: Practice has approx.1500 square feet in a Victorian style home with other businesses. Seller is a partial owner of the property and would lease the space for $1,600 per month or sell the partial ownership in the real estate.  
   
Competition: Located in a growing area with not enough accountants and tax preparers.  
   
Owner willing to finance: Seller will finance $137,500 over 60 months at 5.25% interest. Monthly payment $2,610..  
   
Owner willing to train: As needed.  
   
Reason for selling: Retirement  
 

 

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