Asking Price: Not Disclosed Gross Revenue: $241,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
? Single-owner EA tax practice
? Long-term, stable client base with strong referral opportunities
? Revenues are primarily Tax Preparation Services (69% Individual; 28% Business) with Tax Planning & Consulting Services (3%) accounting for the balance. Great potential to add additional services, especially write-up work, and financial planning engagements as well
? Cash flow to owner is 63.5 % of gross revenue before potentially duplicate expenses
? Practice utilizes Drake and Quickbooks software
? One seasonal tax preparer paid on production based commission
? Office space is professionally appointed leased space
? Owner is looking forward to retirement after a long, successful career
? Owner anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention
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.