Tax Accounting And Consulting Business For Sale

Business description

One of PA-OH-WV area's largest independent tax & accounting practices servicing 2,600+ clients with annual revenues of $580,000 & cash flow of $280,000. Located on busy street close to Pgh Int'l Airport and City of Pgh. Owner willing to sell or merge. 2 commercial bldgs included in asking price of $2,800,000. Staff includes 6 tax preparers, 1 manager & 1 receptionist. Owner willing to remain 3-5 years to help integrate business with new owners. Present staff will also remain. Partial owner financing available. In business since 1982 when we started with 450 clients. Terms of sale negotiable.

Property information

Real Estate:

Real Property Included

Location:

Located on heavily traveled street close to Pgh Int'l Airport and City of Pgh. Also close to schools and shopping areas.

Other information

Expansion potential:

Ideal aquisition for large investment company, law firm or real estate broker/developer that could utilize my significant client base as a new source of clients for their other businesses. Could also be good aquisition for small company wanting immediate growth.

Competition / Market:

We are one of area's largest independent tax and accounting firms. The usual competition from H&R Block and a host of smaller tax preparation companies. These firms do not take business from us.

Support & training:

Existing staff will remain in place. Owner will continue working as employee/consultant for 3-5 years to help transition the business to the new ownership. A replacement will have to be found and trained to gradually assume seller's work load.

Reasons for selling:

Owner is 63 yrs old and looking to retire in 3-7 yrs.

Trading hours:

Normal 8:30am 5:00pm Mon-Fri (Tax Season 8:00am - !0:00pm 7 days/week)

Financing available:

Owner willing to finance 60-70%. Final sales price determined by continued revenues as advertised.

Furniture / Fixtures value:

$125,000 (included in the asking price)