Bookkeeping and Tax Practice, Ag Focused

Not Disclosed, MN
Fillmore County

Asking Price: Annual Revenue:
$90,000 $105,343

Services: Professional

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RE: Bookkeeping and Tax Practice, Ag Focused Broker: Jacob Peterson
Owner Financing is Available!
$72,000 down/$18,000 for 60 mos. @ 5%

Quick Facts

Asking Price: $90,000
Annual Revenue: $105,343
Net Profit: Not Disclosed
Cash Flow: $44,587
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 2
BBN Listing #: 90354955
Broker Reference #: 5106-14102

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Business Overview:

Accounting and tax practice in the heart of southeast Minnesota. This practice offers tax preparation, payroll processing, bookkeeping and consulting services to over 300 clients. Employing one staff year round (Full Time tax season, Part Time off season) and another during tax season, the majority of this business' revenues come in during the tax season. Practice has enjoyed steady growth over the past 5 years with many more growth opportunities available. Over the past several years the owner has brought in staff to help with the work.

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Property Features and Assets:

Approximately 2,500 square feet facility that is owned by the seller is available for lease or sale. The price of the business does not include the price of the building. The current space had a major renovation in 2016, with updated mechanical systems and electrical service. Assets= $6,000

Market Competition and Expansion:

There are several accounting practices within the same community as the company. Generally speaking, the market for accounting services is strong in southeast MN as the region contains many small and medium sized farms and businesses that make good clients for this company. As tax rules change and generally become more complicated, demand for this company's services will continue to grow. This company is well positioned with loyal clients that should stay with a transition. With good customer service and expertise a new owner could capitalize on referrals from current clients. In addition, creating a web presence could bring in clients that are looking online. The current owner does not do any active seeking of new clients.

Reason for Selling:

Medical reasons.

Additional Details:

  • The property is leased.
  • 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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