Accounting and Tax Practice

Services - Engineering & Accounting | Services - Other Miscellaneous services

Asking Price	$230,000	Inventory
Gross Income	$177,695	Real Estate
Cash Flow	$115,117	Year Established	1991
FF&E	N/A	Employees	2ft owners

* included in the asking price

** not included in the asking price

50 monthly bookkeeping clients have an approximate average monthly fee of $213 and 7 quarterly booking clients average $186 per quarter. Monthly and quarterly booking revenue comprise about 75% of sales. Approximately 260 tax returns average $171 and comprise about 25% of sales. Bookkeeping and tax fees are based on a $125 hourly rate. Low overhead practice with a high profit margin. Seller has a yellow page ad and does no other marketing or advertising. Seller is comfortable with the current size of the practice but a new owner could easily grow the practice. Buyer needs to have a well-rounded business background and be a personable, client oriented accountant. Cash flow of $115,117 reflects a $32,000 reduction in cash flow to replace 1 owner.

Facilities: Business is located in a small office building in North Colorado Springs. Approx. 779 sq. ft. with rent of $1,120 per month with the lease ending 12/31/09 and a one year option pending.

Financing: Seller will finance $70,000 for 60 months at 6%. Monthly payment $1,353

Support/Training: Seller will train as needed (included in the business price).

Reason Selling: Retirement