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NW Outer Suburb CPA Firm - SBA Financing

St. Paul-Minneapolis-Twin Cities, Minnesota, United States
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Asking Price$700,000
Revenue$725,866 Established2005
Cash Flow$253,973 Employees3 full, 2 part
FF&E$20,000* FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Well-established, full-service accounting firm located in the northwest metro area of MN. In 2020, the $725,000 of revenue split was as follows:

• 800 Individual Returns- 260K of revenue
• 160 Corporate Returns -200K of revenue
• 40 Partnership Returns -51K of revenue
• 9 Trust Returns - 6K of revenue.  

Total Tax Preparation Revenue - 520K of revenue

Nontax preparation work consisted of 28% of the revenue, 205K, which included Payroll, Monthly/Quarterly QuickBooks, and Consulting work.  

The firm uses Thomson Reuters suite of products including Ultra Tax.  The Sellers are committed to staying on as needed to assist in the transition and ensure continuity with the clients and staff. The firm has an excellent full-time staff and ample seasonal workers.  The ideal buyer has their CPA with 5 or more years of experience working at a management level or another CPA firm/Wealth Management firm looking to increase their customer base.
Seller Financing:SBA Financing Available
Sale Reason:Retirement
Ad #130381
Seller Reference #MINNEMN003-N2334
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