Accounting and Tax Prep Business For Sale

Shreveport, LA


Asking Price: Annual Revenue:
$198,000 $123,000

Services: Financial, Accounting, Insurance


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RE: Accounting and Tax Prep Business For Sale Broker: Chris Sater
License #: SALE.0995698288-ACT

Quick Facts

Asking Price: $198,000
Annual Revenue: $123,000
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1974
Employees: Not Disclosed
BBN Listing #: 487854248
Broker Reference #: BATONLA001-N3518

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Business Overview:

Accounting and tax preparation firm located in Shreveport, LA is available for acquisition. This firm has approximately 200 active clients in which they provide bookkeeping, sales tax, payroll and tax return preparation services. The owner works in the business and is the primary tax preparer. The firm employs 2 bookkeepers who have been with the business for many years and handle bookkeeping, payroll, and other administrative tasks. Payroll and accounting services make up approximately 30% of revenue while tax prep services account for 70%. The seller is willing to sign a non-compete, is open to working with buyer through the extension period for a negotiated rate and will make an introduction call to all current clients to ensure a smooth transition. The buyer will have access to 3 years of the firm’s financials as well as tax returns for all clients. The business uses QuickBooks for bookkeeping and payroll and Lacerte for tax prep work. The seller has not been aggressive about finding new clients in a long time and has not actively tried to get clients to utilize all the services it can provide. The firm does not currently provide audit work which it at one time it did. This is a growth potential for a buyer that can add that back to the firm’s list of services

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Property Features and Assets:

Real Estate License ID: SALE.0995698288-ACT

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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