PROFILE: 

This small office based accounting and tax practice serves 36 business clients and 103 individual tax clients.  The firm serves both its small business clients and individuals with a broad range of professional services, including traditional financial statements preparation and tax work, along with many business advisory services that include complex tax work, new business consultation, payroll tax applications, computer technology training and assistance, cost systems consulting and a full complement of related services.  The firm has enjoyed consistent billings in the $100,000 range from satisfied clients and from word-of-mouth referrals for new business services.

 HIGHLIGHTS:

• Established in 1988, this small CPA practice has a diverse client base for business write-up work and individual taxes.

• 36 business clients and over 100 individuals form the on-going client list
• The acquisition of this practice by an experienced CPA practitioner and/or the merger of the Firm into an established practice will provide an on-going revenue stream and the opportunity to grow the business through increased billings.
• After fourteen years of operating this practice, the owner has the opportunity to join the staff of a client and transition a successor to its client base.

 PURCHASE PRICE:

This CPA practice is available as an asset purchase free and clear of debt and all liabilities for $100,000.  Terms are $50,000 initial buyer cash, plus $50,000 seller financing based on client retention.

 ASSETS INCLUDED IN THE SALE:

                Furniture, Fixtures and Equipment (FMV)                     $  5,000

                Client List, Trade Name, Goodwill                                   $ 95,000

                                                TOTAL                                 $100,000

FINANCIAL SUMMARY: 

ACF (Adjusted Cash Flow) is the pretax cash flow of the company prior to expenses of seller’s salary, depreciation, and certain seller discretionary expenses that will be eliminated upon the sale of the business. 

ACF = net profit + seller salary + depreciation + seller discretionary expenses.