Business Summary:
50 monthly bookkeeping clients have an approximate average monthly fee of $213 and 7 quarterly booking clients average $186 per quarter. Monthly and quarterly booking revenue comprise about 75% of sales. Approximately 260 tax returns average $171 and comprise about 25% of sales. Bookkeeping and tax fees are based on a $125 hourly rate. Low overhead practice with a high profit margin. Seller has a yellow page ad and does no other marketing or advertising. Seller is comfortable with the current size of the practice but a new owner could easily grow the practice. Buyer needs to have a well-rounded business background and be a personable, client oriented accountant.
Cash flow of $115,117 already reflects a reduction of $32,000 to replace one owner.
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| Year
Business was Established: 1991 |
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| Number of Employees:
2 ft owners |
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| Facilities / Terms of Lease:
The business is located in a small office building with 779 sq. ft. with $1,120 monthly rent. Lease is through 12/31/09 with a one year option pending. |
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| Owner
willing to finance:
Seller will finance $70,000 for 60 months at 6% interest. Monthly payment $1,353. |
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| Owner
willing to train:
Seller will train new owner as needed included in the purchase price. |
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| Reason for selling:
Retirement |
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Seller Reference Number: 6238
BusinessMart.com Listing Number: 71549 |
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