Asking Price: $705,000 Gross Revenue: $587,000Cash Flow: $241,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $25,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Highly profitable CPA, accounting and tax firm for sale in west side of Ventura County. This firm performs no attest work, and therefore it is a perfect firm for an Authorized CPA to expand services, or for a Qualified CPA or high-end bookkeeper/EA to continue the current growth.
The $587K revenue nets 40% and is generated from approx. 60 monthly clients consisting of payroll only to write-up accounting and represents 52% of revenue, while the 48% is tax work for approx 400 personal and business tax returns.
3 employees plus owner with 2 seasonal help. Custom website with blogs and several domains to enhance web presence. Owner is willing to stay on for transition.
Special projects revenue (not included in total revenue) was in excess of $500K from 2016-2017. This one-off work reflects the ability of the firm to generate a much higher income level then scheduled.
Approx 150 returns on extension - waiting to generate approx $125K in cash flow - now!
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
Current lease - 3,800 sq.ft. of which 2,800 sq.ft. is dedicated to accounting firm, while the balance is partially sub-leased and remainder used for owner's personal use. Lease expires 11/2020 Office Suites are recently remodeled consisting of:
* 2 14x10 window offices * 3 executive style over-sized 14x16+ (2 with full window) * 1 mutli-person 11x17 office * break room * reception * waiting area * large 14x20 conference room
$25K ASSETS-additional $: New raid equipped server & linux back-up and file share server 2018. Details Avail.
Firm utilizes an in-house developed marketing system to obtain/retain write-up accounting clients, which enables the firm to expand as needed. This process will be presented with the sale of business.
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 & Conditions.