Services - Engineering & Accounting | Services - Legal Services

Asking Price	$1,200,000	Inventory
Gross Income	$722,052	Real Estate
Cash Flow	$345,524	Year Established	1985
FF&E	$47,000*	Employees	3.5 ft

* included in the asking price

** not included in the asking price

Our Client is a very well established Public Accounting and Small Business Consulting Practice. The Practice is focused on tax advisory and lifestyle accounting for nearly 1,000 Clients. All Clients enjoy a warm and friendly service relationship with the CPAs, tax professionals and support staff. Services provided consist of a full range of tax advisory and preparation including all forms of personal and business plus non-profits & trusts. Additional services include small business QuickBooks accounting, payroll management and state business tax advisory and processing. Managing their lifestyle allows the principals and staff to comfortably perform throughout the year at a production rate hundreds of hours below the average practice. This is done with minimal impact on chargeable hours. The lifestyle mindset and methodology is accomplished only because it is shared in large degree by the Client base and the general market served. The ideal purchase or buy-in candidate will be a CPA and have a well- rounded background with a knowledge of small business and tax issues and a very strong Client service ethic. This Practice has a strong growth platform poised for the new Owner to take it to the next level of development.

Facilities: The Practice operates from centrally located leased professional office space. An additional small branch office services more distant Clients. Excellent long-term leases with standard CPI increases are in place and assumable.

Growth/Expansion: For several years little or no effort has been put into building Clientele. The principals have been satisfied and comfortable with their selective and organic growth. Marketing consists of lifestyle involvement in the community. Day-to-Day marketing is through direct Client contact in the normal course of business. The controlled growth of the Practice can certainly be accelerated at whatever pace is comfortable for the new Owner.

Financing: Seller will finance a portion along with Bank/SBA.

Support/Training: The new Owner would have the benefit of a well-planned transition and long-term assistance with the transfer of Client relationships. The two Principals desire to remain active as tax season producers for a five-year transition. Their compensation would be variable and based on production.

Reason Selling: This is a planned retirement phase out.