Tax Preparation and Bookkeeping Service

Greene County, NY

Tax Preparation and Bookkeeping Service
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Asking Price: $359,000

Cash Flow: $121,000

Gross Revenue: $360,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,525 /Month

Established: 2001

Tax Preparation and Bookkeeping Service

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Business Description

This company is an 18-year-old tax preparation, payroll and bookkeeping service in the Greene County region of upstate New York. The company services nearly 1,700 customers a year with a mix of commercial and individual accounts. Clients come from Greene County, Columbia County, Ulster County, Albany County and the Capital Region. The company serviced 1,640 clients, of which 40% were small business owners. Besides tax preparation, they also provide payroll and bookkeeping services.

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Detailed Information

Location:
Greene County, NY
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
6
Facilities:
The company leases a 1,200 square foot office space in the heart of Greene County.
Growth & Expansion:
Company currently has to turn away potential clients during the busy tax season due to their size. Adding additional tax preparers could easily expand the business.
Support & Training:
The owners will provide transition support to transfer the institutional knowledge required to run the business as part of the offering price.
Reason for Selling:
Creating an exit strategy so the owners can retire in the near future.
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(from currently available funds)
 
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Kathlene Thiel, MBA, CVA, CBI

Business Listed By:
Kathlene Thiel

ThielGroup LLC.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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