San Leandro CTEC Practice - Reduced Asking Price/Motivated Seller
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
Available
CAN1728
CA
San Leandro CTEC Practice - Reduced Asking Price/Motivated Seller
$550,000
$500,000
Presented by: |
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The A Team |
Toll Free: (888)783-7822x3 |
Description:
• The owner is a CTEC • This practice was established in 2010; S-Corp in 2014 • Software in use includes Taxwise, QBO, QuickBooks Desktop, MS Office • Approximately $184,400 in annual revenue, via bookkeeping (51 clients) • Approximately 390 individual tax returns with an average fee of $440 per return • Approximately 75 business tax returns with an average fee of $1,200 per return • Other projected 2022 revenue includes: - Government forms filing fees: $2,000 - Consulting: $3,000 - Payroll: $99,000 (67 clients) • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $173,534 (Proj 2022) • Lease expires on August 31, 2023. Lease is NOT assumable.
• The owner is a CTEC • This practice was established in 2010; S-Corp in 2014 • Software in use includes Taxwise, QBO, QuickBooks Desktop, MS Office • Approximately $184,400 in annual revenue, via bookkeeping (51 clients) • Approximately 390 individual tax returns with an average fee of $440 per return • Approximately 75 business tax returns with an average fee of $1,200 per return • Other projected 2022 revenue includes: - Government forms filing fees: $2,000 - Consulting: $3,000 - Payroll: $99,000 (67 clients) • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $173,534 (Proj 2022) • Lease expires on August 31, 2023. Lease is NOT assumable.