Busy Accounting and Tax Return Practice

Asking Price$300,000

Cash Flow
$106,400
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$348,800

InventoryNot Disclosed

FF&E$10,000
Included in asking price
tax and accounting officeSave

Busy Accounting and Tax Return Practice


Asking Price$300,000

Cash Flow
$106,400
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$348,800

InventoryNot Disclosed

FF&E$10,000
Included in asking price

Seller Financing Available
Business Description
This business. has been a trusted provider of accounting and tax return preparation services in the Winston-Salem, North Carolina area for many years. The firm offers a full range of professional accounting and tax services, including but not limited to bookkeeping, payroll management, tax preparation, and business consulting. The owner is active in the business and maintains a full staff to serve its customers, including several long-term employees.

The practice prepares an estimated 1,200 to 1,300 tax returns annually, in some cases now having served three or four generations of one family. Approximately 90% of tax returns are individual returns, but the firm does also complete tax returns for C corporations, S corporations, tax partnerships and trusts. The vast majority of services performed are tax return preparation and related services, although the firm does provide some bookkeeping services.
About the Business
Years in Operation
25
Employees
5 (3 Full-time, 2 Part-time)
Part-time employees work full-time during tax season only
Facilities & Assets
The practice operates from a leased office suite located in a busy business corridor of Winston-Salem. The office suite is 3,800 +/- square feet of floor space and includes reception, conference room, several private offices, and other spaces. It does offer room for expansion. The office lease can be assumed by a buyer or the practice can be integrated into an existing accounting practice, increasing cash flow by about $40,000.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,800
About the Sale
Seller Motivation
Retirement
Transition Support
The owner is active in the business and is willing to continue working during tax season through May of 2027 if desired by a buyer. Aside from any compensated services, the owner will assist for up to 30 days with transition, at no additional cost.
Financing Options
Owner willing to finance up to 5 years with 20% minimum down payment
Listing Info
ID
2444119
Listing Views
13

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Business Listed by: Steve Minnich Piedmont Business, LLC

Listing ID: 2444119 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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