Asking Price: $740,000 Gross Revenue: $674,000Cash 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.
This well-respected CPA practice for sale in Sterling Heights, MI has annual gross revenues of approximately $674,000. The firm provides a full range of comprehensive tax and accounting services to a diverse client base of desirable businesses and loyal individuals. The practice caters to high-quality clients with over 65% of the revenue derived from businesses and overall, they are nicely mixed between services to provide year-round income, with 53% from tax, 38% from accounting services, 7% payroll and the balance consists of miscellaneous consulting services. There is a good fee structure in place generating strong cash flow to owners nearing 60% of gross. This opportunity is ideal for a seasoned CPA ready to transition into a profitable, turn-key practice with an established location and a quality book of business. It would also be ideal for another established firm in the area looking to expand its client base. Both partners are flexible and would be willing to work with the buyer through an extended transition period, if desired, to help ensure a smooth transition and maximum client retention.
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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
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