Assisting clients with Corporate and Individual Returns
Business Type: 
other businesses
Sales Revenue: 
Cash Flow: 
Realestate Included: 
Internal Listing:: 

Assisting clients since 1979 requires time, persistence and utilization of a proven and effective system in place which this firm has achieved over the years. Providing services such as business tax return preparation, write up work, bookkeeping and individual tax return preparation.

However, unfortunate life events in recent years resulted in divorce which preoccupied the owner’s focus and shattered the health of the business he spent over 30 years creating. In 2012 there were 4 CPAs employed with annual Gross Sales of $613,356 and high profit margins. It was in 2013 when 3 CPAs left and took their clients with them leaving the seller with a 50% reduction in revenue in 2013. Fortunately, the owner has been able to retain the clients. This current client base of 70 business returns and ~180 individual returns is very stable.

Seller will provide existing client list and all assets as well as an employment agreement for a transitional period of up to 2 years.

Business Information
Year Established: 1979
Location and Service Area: Located in Omaha, NE servicing clients in metro area
Clients: No client makes up more than 5% of revenue. 68-72 business returns and 178 individual clients
Lease: Renewal February 28, 2016 – new owner can choose whether or not to renew lease
Growth Opportunities: Add more monthly bookkeeping and payroll services
Employees: 2 accountants and 1 assistant

Financial Overview
List Price: $100,000
(plus 20% retention fees)
Gross Sales
2015 Annualized: $191,034
2014: $233,941
Business Client Revenue $77,971
Individual Client Revenue $89,697
Other Client Revenue

Bartering/Itex Sales
2015 Annualized: $42,057 [22% of Sales]
2014: $41,323 [18% of Sales]

Cash Flow: $100,000

Current Rates:
Hourly Rate of $250
Business Tax Return $2,200
Individual Tax Return $650

*amounts may vary

Valuation of List Price
The practice is valued at $100,000 based on goodwill and assets. In addition to the list price of $100,000, the seller is requesting to be compensated annually:
- 20% of fees collected on existing clients for 5 years
- Seller will work for 1-2 years for new owner at a standard rate.

Seller will bill a minimum of 20 hours per week during this time for the company.

Assets Included in Purchase: $100,000
Furniture, fixtures & equipment, leasehold improvements, current and past client files, time and billing program, tax return processing software, research library, client management system, licensing and transfer State Unemployment balance & rating, current systems and best practices including marketing

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