Asking Price: $300,000 Gross Revenue: $187,515Cash Flow: $141,685EBITDA: $141,685Inventory: Not Disclosed FF&E: $7,500 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.
This CPA Firm is located in Chesterfield County, Virginia and has an impressive package of professional service offerings. Over 70% of the 150 clients are within a 5 Mile radius. This firm does not do certified financial statements or Peer Reviews. Offices are on a month to month basis with 3 months required from either party to vacate at $950 per month including utilities. Software is ULTRA Tax (Full Package), QuickBooks for Bookkeeping, Payroll Processing and Practice Billing. This is a fine addition to any CPA firm. All work is performed by the owner with some assistance from bookkeeper/receptionist. Owner is willing to stay with firm through necessary transition period.
Reason for Sale: Retiring
It is required that a CPA or CPA firm acquires this business.
About the Business
Number of Employees:
$950.00 Per Month
The office is month to month with reception area, assistant office and CPA office.
Tax Work performed with ULTRA tax which is fairly industry wide and Quickbooks for client write up and payroll.
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.