Tax and Accounting, Queens, NY $200,000
Queens, New York
Business Description
Business was established over 15 years ago by local accountant. Full database of over 3000 clients to be nurtured and re-engaged. Current owner is relocating.
Business is primarily Individual Tax Returns, 25 C Corp returns, and Tax Notice Services. Some financial statements work.
The area is a busy urban part of Queens, NY with opportunity for additional bookkeeping, payroll, sales tax and complimentary services.
Firm is completely paperless with cloud based systems. Pro Series, TaxDome and Google Workspace.
All employees have remote access to all systems. Approx 50% of clients use the remote upload of documents.
Business is hybrid after busy tax season with in-office by appointment only. A Class office space on busy intersection.
One junior accountant /tax preparer can continue with new owner. Remote receptionist may be available.
Gross Revenue:
130000
EBITDA:
FF&E:
7500
Real Estate:
Leased
Established:
2011
Asking Price:
200000
Cash Flow:
75000
Detailed Information
Location:
Queens, New York
Inventory:
Real Estate:
Leased
Rent/Lease Amount:
Rent/Lease EXP:
Building SF:
400
Franchise:
No
Franchise Fee:
Employees:
2
Number of Owners:
1
FF&E:
7500
Competition:
Few local accountants and franchises
Support & Training:
Up to 1 year
Reason for Selling:
Owner relocating
Owner Financing:
Yes
Owner Financing Terms:
Owner open to some seller's note.
Syndication:
No
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