Established Tax Practice with Great Reviews

Colorado Springs, CO
Perfect Business Model
Asking Price:$37,000
Gross Revenue:$37,000
Established Year:2022
Cash Flow:$34,000
EBITDA:$30,000
BUSINESS DESCRIPTION

Accountant, & soon-to-be attorney, selling an Established & Complete tax business. 100% Remote Clients, NO lease or other expenses to assume. Completely turn-key with professional website & optimization, Entity Name & all registrations, Google Verification, great Google Reviews, and Completely Cloud-based clientele via Intuit ProConnect Tax & Intuit QuickBooks Online software suite. Everything is in place for the new owner to step-in from day-one. No paper files to convert, no "old-school" accounting issues to work through, no hand-holding of clients who are not adept with technology, and no liabilities. Current owner has other opportunities that demand their attention. Tax book includes 1040's, 1120S, and 1065. Book is comprised of individual filings, solopreneur, single-member LLC, and a few partnerships. Owner is willing to provide a few hours per week Jan-April to assist with client transition and maintain the stellar reputation. This business pays for its self in the first tax season. $34k revenue, $2500 tax software expense, $1400 website and online marketing services (both software & online marketing expenses can be tweaked or cancelled at the new owner's discretion, these are month-to-month / & per file expenses, no contracts to assume, free to make it your own), $33k cashflow and increasing as we take on new clients.
Absolutely perfect for a new or existing CPA/EA/Accountant looking to have their own practice and wants to jump over the painful first 2-years and right to profitability and market recognition.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
1
Competition
The usual big-box locations like H&R Block and large corporate tax & accounting firms that do not have time for small business clients.
Growth & Expansion
As this business is currently built with clients who are "trained" to work with us remotely through tax software shared drives and conferencing via google meet, the growth potential is virtually unlimited. While the new owner may want to offer a physical location and walk-in services, the current book of business does not have this limitation. The new owner is set-up for success from day-one and can make it their own dream firm.
Financing
One-time payment due to the incredibly low purchase price.
Support & Training
Seller will provide transition support during the upcoming tax year.
Reason for Selling
Other business opportunities.
Home-Based
This business is Home-Based
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Listed By: Not Disclosed