MergerPlace

Growing Accounting & Tax Practice

Virginia (Loudoun)


  • Asking Price: $249,900
  • Gross Income: $246,043
  • Cash Flow: $116,826
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $4,429
  • Listing ID: #199480
  • Established: 2011
  • Employees: 2 FT/ 2 PT

Business Description

Fast-growing accounting and tax franchise in Northern Virginia is available. Seller has made concerted efforts to grow a solid client base through referrals. Clients receive excellent client service, professional and accurate reports, and timely, correct tax work. Services include monthly write-ups, payroll, tax services and consultations. The proactive customer service philosophy and attention to running the business with the strengths of the employees has created an excellent base of satisfied clients. In 2016, the revenue breakdown was 37% Accounting, 52% Tax, 7% Consulting/Representation and 4% Payroll, which generates year-round cash flow.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Virginia
County: Loudoun

Company Information

Year Established: 2011
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT/ 2 PT

Financial Information

Asking Price: $249,900
Gross Revenue: $246,043
Cash Flow: $116,826
FF&E: $4,429
Seller Financing Available: No

Property Information

Facilities:

Class A professional space is almost 1,000 sq. ft. and is well-appointed.

Growth & expansion opportunities:

Loudoun County is the fastest growing county in Virginia and has a very favorable climate for small business. The number of small businesses in the area is growing and those businesses are seeking accounting, tax and advisory services to help them manage their growth.

Competition:

This practice specializes in business accounting and tax services. Local private accounting firms are in the area and offer similar services, but the branding and support of the franchise allows special privileges. Call the business broker for more information.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost. Local and state business license and having either a CPA or EA designation are required, along with approval from the franchisor. The franchisor requires US business tax preparation and a level of net worth for consideration. Call the business broker for more details.

Contact Business Seller

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Business Listed By:

Paul Lapidus

Murphy Business Brokers