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|Ref||Location||Annual Gross $||Status||Private sale/Name of broker|
|0791||Phoenix||$474,895||Sold||Berkshire Business Sale & Acquisitions|
Turn-key tax practice established in 1982 is available for sale in downtown Phoenix due to retirement. It's year round revenue stream comprises 63% bookkeeping and 37% tax.
Annual gross revenues are $474,895, with a cash flow of $228,808. The asking price is $509,000.
The practice is available with a 5 year lease or the principal will sell his office condo for $109,000 giving the buying entity a very low cost occupancy charge.
The practice has 7 employees and $10,000 FF&E is included in the asking price.
In terms of transition the seller will provide 30 days familiarization and is available as needed to assist with the transition through the next full tax season for market compensation.
With 1,680 square feet and 5 offices, 3 of which are split with work stations the office has ample room for the practice and continued growth. The property is available for sale at $65/ft. which equates to $109,000 or is available for a 5 year lease at $1,400 per year plus taxes.