CPA Firm
Mountlake Terrace, Washington
Asking Price: |
Gross: |
Cash Flow: |
$80,000 |
$87,246 |
$34,966 |
Business Summary:
Well established, full service, accounting firm. Established in 2008, this firm specializes in bookkeeping, payroll, strategic planning, and tax services. The business is about 85% bookkeeping and 15% tax services, thus creating an excellent and steady cash flow for the business. The current owner works less than 10 hours per week and has a part-time assistant who does the majority of the work. The current owner uses JetPack Work Flow to remotely review the work. This business can easily be run from home or from just a small suite. The current owner must sell due to taking over another company, in another field, and he does not have the time to devote to this business anymore. There has been virtually no promotion by the Seller for a long time – he has relied upon word of mouth and referrals from Bankers and attorneys. The new owner could easily increase the business by networking with more bankers, attorneys, larger CPA firms (who do not want to do the bookkeeping for their clients), and payroll services. This is an excellent platform for a beginning CPA or an excellent addition to an existing firm. Seller is willing to finance the buyer with 50% down – 3 year term – at 6% interest.
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Year
Business was Established: 2008 |
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Number of Employees:
1 PT |
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Facilities / Terms of Lease:
The current owner leases a small suite, however, this business can easily be run from the Buyer’s home |
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Potential
Growth/Expansion:
There has been virtually no promotion by the Seller for a long time – he has relied upon word of mouth and referrals from Bankers and attorneys. The new owner could easily increase the business by networking with more bankers, attorneys, larger CPA firms (who do not want to do the bookkeeping for their clients), and payroll services. The new owner could increase the number of tax returns and offer more financial and strategic planning. This is an solid platform for a beginning CPA or bookkeeper or an excellent addition to an existing firm. |
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Competition:
This business has been established since 2008 and has an excellent reputation for consistency, reliability, honesty, and one on one customer service – they are known for their fair pricing and their concern for their client’s welfare. |
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Owner
willing to finance:
Cash or Seller financing with 50% down – 3 year term - at 6% interest The Seller is negotiable on the training for the new buyer, if it is needed at all. |
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Owner
willing to train:
The Seller is negotiable on the training for the new buyer, if it is needed at all. |
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Reason for selling:
The current owner must sell due to taking over another company, in another field, and he does not have the time to devote to this business anymore |
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REQUEST MORE INFO |
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