MergerPlace

Accounting & Tax Practice near Detroit

Michigan


  • Asking Price: $175,000
  • Gross Income: $130,000
  • Cash Flow: $106,582
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $10,175
  • Listing ID: #200531
  • Established: 1998
  • Employees:

Business Description

This well-established, franchised tax and accounting practice represents a great opportunity to step out of a junior position into business ownership, with stable monthly business clients as a base. Growth is readily attainable for the buyer willing to step out of the office and engage the community. CPA or EA designations are best qualified to continue the long record of professional services that current clients are accustomed to receiving. The book of business currently includes 200 tax clients and 20 monthly business write-ups, plus others. The business is lender prequalified with $50,000 down.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Michigan

Company Information

Year Established: 1998
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $175,000
Gross Revenue: $130,000
Cash Flow: $106,582
FF&E: $10,175
Seller Financing Available: No

Property Information

Facilities:

The practice is located in a well-appointed professional office building. Eight hundred square feet holds two private office spaces and a reception area. Turn-key facility. Rent is reasonably priced. Parking is very good.

Growth & expansion opportunities:

Both business and residential growth are extending the vitality of this always-beautiful, desirable area of the suburbs. Growth is readily attainable for the buyer willing to step out of the office and engage the community. In addition, the business enjoys the use of the top accounting software at a extremely favorable cost. This, plus the history of top-level service and the reputation of the franchisor, supports the potential for growth.

Competition:

With new tax laws and cloud services, there is competition in the area. This practice thrives on accurate and professional monthly write-ups for business clients and excellent customer service. The franchisor's back-office support system is extensive.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost. A CPA or EA are best suited. State business license is required. Approval of franchisor required.

Contact Business Seller

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Business Listed By:

Ken Whitley

Murphy Business Brokers