Virtual Renton EA Practice
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
SOLD
WA1168
WA
Virtual Renton EA Practice
$680,000
$875,000
Presented by: |
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The A Team |
Toll Free: (888)783-7822x3 |
Description:
• The owner is an EA • This practice was established in 1996 as an S-Corp and became an LLC in 2018 • Software in use includes Drake • Approximately $8,400 in annual revenue, via bookkeeping (2 clients) • Approximately 300 individual tax returns with an average fee of $533 per return • Approximately 100 business tax returns with an average fee of $4,520 per return • Approximately $12,000 in annual revenue, via LLC formations • Approximately 80 clients generating $48,000 in payroll • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $295,422 (2021) • Lease expires on 2027 (remaining 5 years of a 10-year lease)
• The owner is an EA • This practice was established in 1996 as an S-Corp and became an LLC in 2018 • Software in use includes Drake • Approximately $8,400 in annual revenue, via bookkeeping (2 clients) • Approximately 300 individual tax returns with an average fee of $533 per return • Approximately 100 business tax returns with an average fee of $4,520 per return • Approximately $12,000 in annual revenue, via LLC formations • Approximately 80 clients generating $48,000 in payroll • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $295,422 (2021) • Lease expires on 2027 (remaining 5 years of a 10-year lease)