MergerPlace

Growing Accounting-Tax Practice-Roanoke

Virginia (Roanoke City)


  • Asking Price: $165,000
  • Gross Income: $120,420
  • Cash Flow: $62,845
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $44,969
  • Listing ID: #200387
  • Established: 2006
  • Employees: 1 FT

Business Description

Growing accounting and tax franchise for small businesses is now available in western Virginia. The strong customer-service philosophy has propelled the client-referral base. Clients are provided accurate and professional monthly reports, payroll services and tax preparation. Centrally located in the Roanoke MSA. A part-time CPA is currently on staff.


Business Details

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

Company Information

Year Established: 2006
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $165,000
Gross Revenue: $120,420
Cash Flow: $62,845
FF&E: $44,969
Seller Financing Available: Yes

Property Information

Facilities:

Brick-front office space with plenty of off-street parking near high-rises filled with small businesses. Professionally decorated, this practice is turn-key for a CPA or EA wanting to serve the small business community. Newer equipment and speedy internet service is secure. Adequate parking is provided.

Growth & expansion opportunities:

The region is growing at a fast pace because it is centrally located, strong in technology-based corporations, and expanding distribution services. Growing infrastructure, housing, communities and corporate expansion spurs small businesses to thrive. Changing tax laws also require professional services of a CPA or EA. Because there is a part-time CPA on-staff, and the current owner splits his time with other interests, there is more room to grow.

Competition:

Private practices and firms are in the area, but the strength of this practice is the support behind it. Top tax and accounting software is used to serve the clients with a comprehensive suite of excellent software and support.

Reason for selling:

Family Commitments mandate sale of business. Owner is highly motivated to sell and willing to provide Seller Financing.

Support & Training:

Will train for 2 weeks @ no cost. A CPA or EA is the best fit for this business offering bookkeeping, accounting consultations, payroll, and tax services to small business clients. A State and County business license is required. Clients will expect to get the same or better service with a new owner/operator.

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Business Listed By:

Paul Lapidus

Murphy Business Brokers