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Tax Preparation & Bookkeeping Services
Business Description
Established Tax Preparation & Filing Services - 35 Years of Success
This well-established accounting and tax practice has been serving clients since 1990, generating $650,000 in annual revenue with exceptional $325,000 in seller's discretionary earnings. Located in a 2,000 sq ft facility, this turnkey operation demonstrates the stability and profitability of a mature service business.
Business Highlights:
• 35-year operating history with strong client retention
• Excellent profit margins with 65% cash flow to revenue ratio
• Seasonal business model with peak activity during tax season
• Loyal customer base with 90% repeat clients annually
• No advertising needed - pure word-of-mouth referrals
• Minimal staffing requirements for efficient operations
Financial Performance:
• Annual Revenue: $650,000
• Cash Flow: $325,000
• Growth: 10% increase year-over-year
• FF&E: $50,000
• Inventory: $25,000 (included)
Growth Opportunities:
Significant expansion potential through modern marketing strategies including social media and digital advertising. The business has thrived on referrals alone for decades, indicating untapped market potential.
Owner retiring after successful 35-year tenure. Ideal for buyers with basic accounting, bookkeeping, and tax preparation experience. The seller is willing to provide transition support with negotiable terms.
This represents a rare opportunity to acquire a profitable, established practice with proven systems and dedicated clientele in the essential accounting services sector.
This well-established accounting and tax practice has been serving clients since 1990, generating $650,000 in annual revenue with exceptional $325,000 in seller's discretionary earnings. Located in a 2,000 sq ft facility, this turnkey operation demonstrates the stability and profitability of a mature service business.
Business Highlights:
• 35-year operating history with strong client retention
• Excellent profit margins with 65% cash flow to revenue ratio
• Seasonal business model with peak activity during tax season
• Loyal customer base with 90% repeat clients annually
• No advertising needed - pure word-of-mouth referrals
• Minimal staffing requirements for efficient operations
Financial Performance:
• Annual Revenue: $650,000
• Cash Flow: $325,000
• Growth: 10% increase year-over-year
• FF&E: $50,000
• Inventory: $25,000 (included)
Growth Opportunities:
Significant expansion potential through modern marketing strategies including social media and digital advertising. The business has thrived on referrals alone for decades, indicating untapped market potential.
Owner retiring after successful 35-year tenure. Ideal for buyers with basic accounting, bookkeeping, and tax preparation experience. The seller is willing to provide transition support with negotiable terms.
This represents a rare opportunity to acquire a profitable, established practice with proven systems and dedicated clientele in the essential accounting services sector.
About the Business
- Years in Operation
- 35
- Facilities & Assets
- Great visibility on the main road, plenty of parking, Nice and convenient for customers to get in and out.
Open area office with owner's private suite office, furnished with desks, chairs, computers, and printers.
Lease terms to be negotiated at the time of purchase and sale. Space is about 2000 square feet. - Market Outlook / Competition
- There is none!
The seller has a great and repeat customer base, maybe 10 % newcomers per year. As the Seller told me (You take good care of them, they keep coming back), the seller does provide Great services for their customers, which is why business is excellent for them. - Opportunities for Growth
- 10% growth last year from the year before.
The seller hasn't done any advertising for at least 20 years., It's all word-of-mouth advertising. I'm sure with all social media nowadays, with little ads, you would gain a lot more traffic.
About the Sale
- Seller Motivation
- Retiring!
- Transition Support
- Buyers must have some experience in basic accounting. bookkeeping and tax preparation. Though the Seller would stay for some time if needed. Hours and salary to be negotiated between Buyer & Seller.
- Financing Options
- N/A
Listing Info
- ID
- 2371760
- Listing Views
- 755
Attached DocumentsAttachment Disclaimer
Listing ID: 2371760 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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