MergerPlace

Accounting/Consulting Practice

Florida (Lee)


  • Asking Price: $130,000
  • Gross Income: $107,712
  • Cash Flow: $92,142
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #215821
  • Established: 2012
  • Employees:

Business Description

Lucrative accounting/consulting practice. The owner has developed and documented, processes and systems to work with a specific group of non-profit corporations (NPCs). These services organize the financials for NPCs to equip them to pass the several audits and reporting that is required when involved with Federal, State and other grants and government funding. No tax, or bookkeeping services. Business is scalable and growing quickly, to the point the owner must hire help to keep up. This practice requires an understanding of GAAP principles, but does not require a CPA designation.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Florida
County: Lee

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $130,000
Gross Revenue: $107,712
Cash Flow: $92,142
Seller Financing Available: Yes

Property Information

Facilities:

Current owner works at home. Meetings and coordination is primarily handled remotely and occasionally at the client's location. Any travel is typically reimbursed by the client.

Growth & expansion opportunities:

Current business services a specific market - non profit organizations thta receive funding through grants and government funding. In addition, these systems could be applied to an unlimited number of Non-Profit organizations and other businesses. This practice already enjoys more business than 1 person can handle. Owner will share current practices and provide referrals and introductions to enable continuing growth with additional clients.

Competition:

Owner has identified a niche market which is not typically serviced by accountants. Current owner is referring clients away due to growth and an abundance of interested prospective clients.

Reason for selling:

Business is growing quickly due to specialty market. Rather than build staff and develop larger practice, owner has accepted an executive role with a company.

Support & Training:

Will train for 2 weeks @ no cost. CPA Practice focused on businesses and non-profit organizations. No tax work, audit, or bookkeeping. Have established reputation for providing consulting, preparation for Board meetings, establishing systems and processes.

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Business Listed By:

Mark Purtee

Murphy Business Brokers