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For Sale: Accounting Practice - Semi-Absentee - SF East Bay Area


Current Status: Active     Posting #: 261757     Last Refreshed: 3/25/20    
Contact: William Mitchell At 510-523-0232 , 415-565-0232  -  Also Email This Contact Below
Price:  $300,000     Down:  Call     Adjusted Net:  $74,000     Revenue:  $316,000    
Attributes:  Semi-Absentee Run, Training & Support, Owner Financing     Cooperation With Brokers?  No
SF East Bay Area Accounting Practice - Semi-Absentee Business For Sale

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  Description About This Posting: Accounting Practice - Semi-Absentee
ACCOUNTING PRACTICE IN SAN FRANCISCO BAY AREA - SEMI-ABSENTEE OWNER

FINANCIAL INFORMATION
Asking: $300,000
Annual Revenue: $316,000
Annual Net Cash Flow: $74,000
Furniture, Fixtures & Equipment: $5,000 (included in price)
Inventory: $0

SUMMARY INFORMATION
Well-established San Francisco Bay Area accounting practice, focusing primarily on tax return preparation for small to mid-sized businesses as well as for individual tax returns. Revenues in 2019 were about $316,000 from about 260 clients. Almost two thirds of the clients have been with the firm for at least five years.

This practice is available for sale as it presently exists with a staff of 3 full-time and two part-time employees or an existing practice could acquire the clients. The current owner is a CPA, but this business could be operated by an Enrolled Agent.

The current owner has limited involvement in the firm due to health reasons and it is managed by a person willing to stay or leave as a new owner wishes. If a new owner assumes the manager's position, the net profits could more than double.

GENERAL INFORMATION
Location:San Francisco Bay Area

Facilities: More than adequate space(approximately 1,700 sq.ft.) at a reasonable rent of approximately $2,700/mth. in a convenient East Bay location. While the lease expires in Sept. of this year, the landlord is easy to work with and willing to provide a long-term lease at competitive terms.

Competition:There are many accounting practices but few with such a long history and with such a well-established reputation for excellent, reliable services.

Growth and Expansion:The owner of this long-established firm has very little direct involvement and has done almost no marketing, relying almost entirely on referrals based on the reliable and competent services provided by the firm's employees. An energetic new owner could see significant growth by increasing marketing efforts, especially via social media.

Support/Training:The seller will provide necessary training and help a new owner successfully transition into this business.

Reason for Sale:Retirement

Year Established:1983

Employees:3 full-time, loyal, competent, long-term employees who will likely want to stay under new ownership. In addition, 2 or 3 part-timers are brought in as needed.

Financing:The seller may provide financing for a well-qualified buyer who makes a down payment of at least $75,000.

To get more information about this Accounting Practice - Semi-Absentee business for sale in SF East Bay Area please phone William Mitchell (Broker - BRE License #:01898324) at 510-523-0232 and 415-565-0232 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #261757 on BizBen.com. In addition to phoning William Mitchell, make sure you email William Mitchell above to get more info about this Accounting Practice - Semi-Absentee, to ask any questions or request an appointment to see this business for sale. Thank you.

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