Asking Price: $399,375 Gross Revenue: $378,229Cash Flow: $188,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $7,000 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.
This is a tax and tax consulting practice with no bookkeeping, payroll or attest work. It has a well diversified client base with no concentration and excellent clients that pay. The firm has a strong cash flow margin of 50% and very strong return pricing. Average individual returns in 2019 were $1,144 per return and S-Corp returns averaged $1,900 per return. Perhaps the most exciting part is that the staff will all transfer including the principal. With two transferring CPAs and an office manager, there is ample staff to fulfill the production without any new employees for years to come. This kind of a buy is perfect for a consolidator looking to get into Tucson or could also be a younger CPA that needs some mentoring and everything in between. This also allows new buyers to work "on" the firm instead of "in" the firm while still collecting a lucrative cash flow. The firm is 1 year into a 3 year lease. The cash flow represented incorporates all of the salaries of the transferring staff and is discretionary cash to owner before the buyers salary and debt service.
About the Business
Number of Employees:
Building Sq. Ft.:
$2,565.00 Per Month
The leased facilities are located in North/Central Tucson and contain more than enough space to house the firm with room for growth. There are 5 offices, an open reception area, a "bull pen" area for additional staff and a utility room that is used to work on tax returns and administrative functions. The lease is $2.565 per month and is one year into a 3 year lease. The lease is assumable with landlord consent.
The Tucson market has plenty of competition but the owner indicated there is plenty of growth available. He is selective in who he allows into the firm as clients and he has not attempted to grow the firm in years.
Doesn't want the administration of ownership. Simplifying life.
The principal will familiarize the new buyer with the firm and wants to remain on indefinitely as a producing CPA employee. There will be plenty of opportunity for familiarization and the owner is happy to provide mentoring and coaching if the buyer lacks experience. With all staff staying, retention should be very high!
CPA Firm Tucson For Sale (all staff transferring) Turn-Key
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