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SOLD
Listing #: CAN1705
Location: California
Type: BOOKKEEPING
Annual Revenue: $544,000
Asking Price: $600,000
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Description:
• The owner is a political accountant • This practice was established in 1983 • Software in use includes QuickBooks, Adobe, Netfile, MS Office • Due to the cyclical nature of the practice, gross revenue of $492,000 is the average annual revenue of the past 4 years (2017, 2018, 2019, 2020) • Projected 2022 Revenue was generated as follows: • Approximately 9 Not-for-profit accounting clients: $168,131 • Approximately 38 Political accounting clients: $337,586 • Approximately 13 Political income clients (major donors): $13,707 • Approximately 5 Political income clients (Slate mailer): $24,551 • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $225,114 (2020) • Lease expires in N/A. Month-to-month
• The owner is a political accountant • This practice was established in 1983 • Software in use includes QuickBooks, Adobe, Netfile, MS Office • Due to the cyclical nature of the practice, gross revenue of $492,000 is the average annual revenue of the past 4 years (2017, 2018, 2019, 2020) • Projected 2022 Revenue was generated as follows: • Approximately 9 Not-for-profit accounting clients: $168,131 • Approximately 38 Political accounting clients: $337,586 • Approximately 13 Political income clients (major donors): $13,707 • Approximately 5 Political income clients (Slate mailer): $24,551 • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $225,114 (2020) • Lease expires in N/A. Month-to-month
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