Tax Prep, Accounting, Payroll
Not Disclosed, MN Not Disclosed
Southern Minnesota
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- RE: Tax Prep, Accounting, Payroll
- Contact: Pat Steffl
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $497,421 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $252,461 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $9,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1987 | |
| Employees: | 4 | |
| BBN Listing #: | 951402 | |
| Broker Reference #: | 5101-18484 |
Business Overview:
Successful and reputable, long-standing tax prep and accounting business. Annually processing 300 business returns, 900 individual returns, 20 accounting/bookkeeping clients,50 payroll clients and providing consulting within these services. 2024 is showing strong growth and is on pace for over $525,000 in revenue. 95% of returns are Minnesota returns.
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Property Features and Assets:
The business operates from a 3,100 square foot downtown office building with ample office, file-room, waiting and parking areas.
Assets = $9,000
Market Competition and Expansion:
Normal level of competition as the firm is experiencing growth in 2024.
Have been turning down additional clients the past few years. More business for a new owner with additional tax preparers.
Reason for Selling:
Transition to retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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