Accounting and Bookkeeping Firm

VA

Accounting and Bookkeeping Firm
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Asking Price: Get Financing: $459,000

Cash Flow: $180,000

Gross Revenue: $430,000

EBITDA: N/A

FF&E: $10,000

Inventory: $1,000*

Real Estate: N/A

Established: 1993

*not included in asking price.

Accounting and Bookkeeping Firm

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Business Description

Long Term Customers and Experienced Staff in Charming Small Town

If you’re an accounting professional looking for a solid business with a proven track record, look no further. This accounting and bookkeeping practice has been serving small business owners and individuals throughout the local area for well over 20 years. The business has a proven track record and has enjoyed controlled growth, mainly through referrals.

The firm has well rounded income including a large component of write up work along with the traditional income tax professional services for its small business clients. The client mix is 50% individuals and 50% small business owners. Services provided consist of a full range of tax preparation for personal and business plus non-profits & trusts. Additional services include small business accounting, payroll and estate tax management.

After many years in practice, the Seller now has the business structured to be on auto-pilot. Although tax season is busy, the Seller greatly reduces his hours during the off-season. The firm is efficiently staffed and operated to generate above average cash flow as compared to similar practices.

The firm has an outstanding reputation and clients enjoy a warm and friendly service relationship with the accounting professionals and support staff. This business is poised for new ownership and energy to continue its growth.

The business is located in an economically vibrant small community. Located mid-way between Raleigh and Richmond, this is a very desirable area to live and work with many cultural and recreational opportunities. The ideal purchase candidate should be an accounting professional with a well-rounded background and a strong client service ethic.

SBA pre-approved and perfect for a buyer with accounting and/or bookkeeping experience. Confidential Listing. Detailed marketing package including company video is available upon signing of Non-disclosure Agreement. Contact Chad Barbour at (919) 263-2550 or chad@midstreet.com for additional details. Real estate available through Pointe Realty Group.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive, stand-alone building complete with all necessary furniture, fixtures and equipment. Seller owns the building and is willing to sell to a buyer with very attractive terms. In addition to the business, the building includes two rental units with a strong rental history which further enhances cash flow for a buyer. A financing package is available that includes business and real estate. Contact broker for further details.
Competition:
Although competition does exist, the business is largely driven by location and repeat customers. The business has been in place for many years and has developed a loyal following.
Growth & Expansion:
Seller has done a tremendous job in building the business but realizes it could benefit in the hands of a new owner. In recent years, he hasn’t capitalized on the many opportunities available. It would be easy to expand services beyond what is currently offered to generate a substantial increase in cash flow. Contact broker for details.
Support & Training:
Seller is committed to helping a new owner achieve success and will provide substantial post-sale training and consultation. Seller would prefer to stay on with pay (negotiable) for 12 months to ensure a smooth transition and complete client retention for the new owner. An experienced staff conducts all day-to-day business activities and is expected to stay with the new owner.
Reason for Selling:
Retiring after many years in business.
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Contact the Seller

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Chad Barbour

Business Listed By:
Chad Barbour

MidStreet Mergers & Acquisitions

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Sponsoring Broker:
Jeffery Baxter


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