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Southwest Metro MN CPA Firm - SBA Financing

77
St. Paul-Minneapolis-Twin Cities, Minnesota, United States
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Asking Price$790,000
Revenue$789,000 Established1986
Cash Flow$214,099 Employees3 full, 1 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Well established, full-service accounting firm located in the southwest metro area of MN.  In 2020, approximately 1,280 individual tax returns accounted for $430K of revenue (54%), 223 entity tax returns earned $165K of revenue (21%), while Accounting Services, QuickBooks, Consulting, and Payroll revenue totaled to 194K (25%).  The firm processes 940/941 returns for 65 clients, prepares weekly/biweekly payroll for 21 clients, provides routine bookkeeping for approximately 10 clients, and they do year-end bookkeeping for tax returns for approximately 50 clients.  One partner is willing to stay on for 1 or 2 years to assist with the transition, while the other wishes to retire after a brief transition.  The firm is well staffed and operates out of an excellent building in a thriving business community.   The ideal buyer has their CPA with 5 or more years of experience working in a management or ownership role or another CPA firm looking to increase their client base.
Seller Financing:SBA Financing
Sale Reason:Retirement
Ad #129615
Seller Reference #MINNEMN003-N2342
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612-455-0880
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