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Mammoth Lakes, CA
The Old New York Deli and Bakery Company in Mammoth Lakes is one restaurant in a chain of three stores. For 21-years, our company has prided itself on providing quality products, including bakery good, with outstanding service at reasonable prices. The Old New York Deli and Bakery Co. in Mammoth Lakes has been in business and successful for 12-years. The store is located in the Village at Mammoth, a pedestrian walking village catering to residents and visitors to the Mammoth area. This store’s location is arguably one of the best restaurant locations in Mammoth Lakes due to its setting in the Village at Mammoth and its frontage along one of Mammoth’s most heavily traveled roads (Minaret Road-Highway 203). Market demographics reveal Mammoth Lakes caters to a generally wealthy group of visitors from California with peak visitations being the winter and summer months. There is little room for competition as there are few locations within Mammoth Lakes capable of providing appropriate lease space or quality exposure.
* This opportunity consists of two practices that can be acquired simultaneously with attractive economies of scale. * These practices were established in 1976 * Software in use includes Lacerte, CFS, Paysoft, QuickBooks, Timeslips, Office 2003 and 2010, and Lacerte DMS for client record storage. *The breakdown of revenue is as follows: $525,828-----Tax Return Preparation $221,766-----Write up/Bookkeeping $14153-------Audits $17,112------Consulting $100,000----Payroll Processing $1,362-------Pension & Gift Tax
• Owner is a CPA • Practice started in Southern California in June 1976 • Software: Quickbooks, Lacerte, Timeslips Checkpoint, Lacerte DMS • Two office locations, Bishop and Mammoth Lakes • Individual tax returns, 418 average $445 (YTD 2015 373 returns, average 453) on pace to do 415 • Corporation tax returns, 81 average $820 YTD 69 average $732) on pace to do 96 • Partnership tax returns 39 average $595 (YTD 27 average $595) on pace to do 42 • Fiduciary tax returns 11 average $470 (YTD 11 average $307) all complete • Non/Profit tax returns 4 average $470 (YTD 3 average $400) one more to complete in 2015 • Write up and Payroll $31,000 (YTD 2015 $18,100) • Audits $14,000 (YTD $14,000) • YTD information is through 7/31/2015
* The owner is a CPA * This practice was established in 1984 * Software in use includes Lacerte, CFS, Paysoft, QuickBooks * Approximately 34 bookkeeping clients, generating $13,493 of the gross revenue * Approximately 500 individual tax returns with an average fee of $346 per return * Approximately 80 business tax returns with an average fee of $1,088 per return * $100,000 +/- is payroll processing * $12,000 +/- is consulting and a review * There are two office locations, one in Bishop and another in Mammoth Lakes
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