Asking Price: $575,000

Gross Revenue: $575,000

Cash Flow: $182,600

FF&E: $20,000 (Included in Asking Price)

Seller Financing: Negotiable for a qualified buyer

Since its founding in 1991 and incorporation in 1992, this established CPA firm has been providing a wide variety of professional accounting services to a large number of small businesses and professional clients. The Firm’s advantages include its longevity and first class reputation, due in part to its Peer Review activities with other CPA firms. The Firm’s client base is regional based in Central Virginia with an estimated client list consisting of over 450 accounts. Management estimates that the Firm generates 25% of its revenues from approximately 75 (17%) of its clients.

Year Established: 1991

Employees: 5 full time - 2 part time

Facilities: The business is located in the historic downtown area of its marketplace. This is a prime location with more than adequate space to meet the firm’s current needs as well as to support foreseeable growth. The Firm conducts its operations from a 2,400 sq. ft. office which can easily accommodate additional staff. The current rent for this office which includes insurance, maintenance, and taxes is approximately $22,560 per year.

Market Outlook and Competition: There is no major client upon which the firm depends for any significant percentage of its revenues. The firm’s primary source of new clients is word of mouth advertising, but the owner is confident that it could be grown significantly with minimal marketing efforts. As have many organizations in the financial services area, the Firm has positioned itself to market other services in addition to accounting and bookkeeping to its clients though they have not made a major push in this direction. It is a growth opportunity.

Management Training and Support: The owner is willing to train for a reasonable transition period.

Reason For Selling: Retirement