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Asking Price$215,269
Revenue$116,307 Established1995
Cash Flow$72,940 Employees4 part-time
FF&E$5,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
The Company is a Bookkeeping and Accounting consulting business specializing in using Accounting in which financial information is gathered, processed and summarized into financial statements and reports. The Company's services include organizing and deciphering business transactions, journal entries, general ledgers,trial balance, balance and income statements. The Company provides a wide variety of Consulting expertise, focusing on accounting records that result in financial statements and reports to help business owners to manage resources, plan and make decisions. These accounting records are used by third parties as bankers, investors, creditors and government agencies such as the Internal Revenue Service, New York State Sales Tax and Department of Labor. The Company s primary market area is currently within the greater Syracuse area. The Company buys all of its accounting software in a competitive marketplace. The Company has proprietary methods that compete effectively based on relationship building style.
Facilities:The Company is located in 500 square feet of office space operating primarily from home-based office. The office space could be leased on a month-to-month basis for approximately $600 monthly, that includes basic utilities (water, electricity, etc.). A long-term lease could also be negotiated.
Competition:Although there are many possible competitors, the Company is able to effectively compete by targeting its services directly to its loyal customer base, keeping prices competitive, offering superior service of accounts, and building additional business through it excellent reputation and resultant referrals. The Company is known for its 20 years of experience and superior problem-solving ability.
Growth Potential:The Company s favorable business strategy is its ability to be able to deliver exactly what the customer wants/needs to precise specifications within the needed timeframe. The Company enjoys a significant amount of repeat business from past customers due to its longevity in providing its customized service.
Training/Support:The seller will provide a personally guaranteed, Hold Harmless Agreement which indemnifies the buyer against any and all currently known and unknown liabilities which may arise based on past operations of the Company. The seller will remain with the Company after the sale as a paid employee/contactor/on-demand consultant for a period of 12 months.
Seller Financing:80% financing of the negotiated sales price for 10 years at 7% interest
Sale Reason:Owner wishes to spend more time with family
Ad #17772
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Contact This Seller
Barbara Molvar
Amazing Business Broker
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