CPA practice in Littleton, Colorado

Listing Category
Short Description
Revenue of $505,344 with discretionary earnings of $149,594.
Priced at $475,000 for practice only with a $50,000 down payment plus SBA and seller financing.

Pre-qualified for SBA financing! Diversified client base. Great employees work with a team concept, flexibility and diversified expertise. Company grows by referrals but has been turning away some referrals because the seller is tired and wants to retire. Firm does about 570 individual tax returns and 205 other tax returns. In 2020 as a percentage of sales; Accounting & bookkeeping 52%, business taxes 16%, individual taxes 29% and 3% misc. taxes and consulting. Firm has no reviews or audits. Company recently lost several bookkeeping accounts for businesses that sold.

Practice can be purchased with or without the real estate where it is located- opportunity to build equity in the practice and real estate with no landlords! It is a ranch home that is CAT5 wired for Computer networking and security. It is 1389 sq. ft. on the main floor & 1389 sq. ft. on the garden level. Plenty of parking. Real estate for sale at appraised value acceptable to Seller, estimated to be $625,000.
Description

Makes $149,000. Buy with RE. $111,000 down for practice and RE.
Revenue of $505,344 with discretionary earnings of $149,594.
Priced at $475,000 for practice only with a $50,000 down payment plus SBA and seller financing.
Pre-qualified for SBA financing! Diversified client base. Great employees work with a team concept, flexibility and diversified expertise. Company grows by referrals but has been turning away some referrals because the seller is tired and wants to retire. Firm does about 570 individual tax returns and 205 other tax returns. In 2020 as a percentage of sales; Accounting & bookkeeping 52%, business taxes 16%, individual taxes 29% and 3% misc. taxes and consulting. Firm has no reviews or audits. Company recently lost several bookkeeping accounts for businesses that sold.

Practice can be purchased with or without the real estate where it is located- opportunity to build equity in the practice and real estate with no landlords! It is a ranch home that is CAT5 wired for Computer networking and security. It is 1389 sq. ft. on the main floor & 1389 sq. ft. on the garden level. Plenty of parking. Real estate for sale at appraised value acceptable to Seller, estimated to be $625,000.

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