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BUSINESS FOR SALE - PROFILE #  42014303

Bookkeeping Svc Which Does No Income Tax Returns
Springfield, MO

Asking Price: $152,000   Down Payment: $15,200  
Gross Revenue: $153,989   Adj. Cash Flow*: $96,909  
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Executive Summary
Highlights of Business

  • Business is operated with 3 employees besides the owner, all of whom would stay

  • Well established business

  • Loyal clientele

  • Good opportunity for purchaser to pick up income tax preparation business from current clients

  • Staff has close relationship with clients

  • Immediate profitability – take over one day, be profitable the next

  • Seller will sign a non-compete agreement



History of Business: In 2000, the owner began doing a few bookkeeping jobs while working full time in a family business.  The response was encouraging, so they decided to start a business offering bookkeeping and payroll services to other business owners.  

Employees: The owner works approximately 50 hours per week in the business.  There are two bookkeepers that work 30-35 hours per week and a part-time secretarial staffer who works about 15 hours a week.    

Products and Services Offered: The company provides full service bookkeeping and payroll services, as well as QuickBooks training and consulting. The company is in their sixteenth year of helping businesses of all sizes, in many different industries.  

Customers and Markets Served: The company's best clients are small to medium size business owners.  There are approximately 150 active customers.  

Website: The company has a website.  

Seller Non-Compete Agreement: The seller has no intention of going into competition with a buyer, and will sign a non-compete agreement to that effect.  

Training: The seller will provide 3 weeks of dedicated training, at no additional charge.  The seller would like to introduce the buyer to key clients and help ensure a smooth transition.

Revenue and Discretionary Earnings figures are for the Trailing Twelve Months ending 8-31-17.  The seller estimates revenue for 2017 will be approximately $166,000.

Acquisition Highlights

  • Financing Information:  Typical SBA financing is 10% down, 6.5%, 10 year term
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2002 Inventory:
Furniture, Fixtures & Equipment: $2,000 Included
Real Estate:
    Total Assets Included in Sale: $2,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bret McGowne
Phone:  (417) 581-8887
Fax:  (888) 765-8633
Other:  (417) 818-2759
E-mail:  BMcGowne@VRSpringfield-Branson.com
VR Business Brokers - Springfield, MO
4121 S. Fremont, Suite 112
Springfield, MO 65804
www.vrspringfield-branson.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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