Asking Price: $995,000 Gross Revenue: $875,000Cash 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.
• The owner is a CPA
• This practice was established in 1978
• Software in use includes CCH Prosystem
• Approximately 7 bookkeeping clients, generating $21,800 in revenue
• Approximately 510 individual tax returns with an average fee of $823 per return
• Approximately 295 business tax returns with an average fee of $915 per return
• Approximately 71 other tax returns with an average fee of $1,111 per return
• $86,000 +/- revenue is generated via payroll, consulting, audit, review, etc.
• Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $274,000
• Lease expires in N/A. Seller owns building.
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.