MICHIGAN

Detroit Suburb, Michigan Practice Fact Sheet
Supplied by New Clients, Inc.

Total Gross Income:
$986,675

Net Profit:
$534,875 including owner add backs

Purchase Price:
$1,200,000– Financing available to qualified applicants. Various programs available. Call for details.

Year Established:
2000

Accounting, bookkeeping, Compilations:
Monthly Clients: 87 Avg Fee: $206 Total: $215,345
Quarterly Clients: 9 Avg Fee: $157 Total: $ 5,640
Annual Clients: 28 Avg Fee: $802 Total: $ 22,450
Income Tax:
Individuals: 1567 Avg Fee: $232 Total: $363,278
Businesses: 279 Avg Fee: $628 Total: $178,052
Other: 49 Avg Fee: $315 Total: $ 15,415
Other Services
Payroll Total: $114,420
Personal Property Tax Returns Total: $ 12,750
State of Michigan Filing Fees Total: $ 6,382
Consulting Total: $ 27,443

Full-time Employees:
4

Part-time Employees:
2

Computer Software:
Tax – Drake, Accounting – Creative Solutions, Payroll – Creative Solutions, occasionally we have clients on QuickBooks.

Description of Clientele:
Bookkeeping clients range from 48 chain restaurants, to small law firms, small businesses. Tax clients are nothing sophisticated, just typical family tax returns. Corporate and partnership returns are for the bookkeeping clients and annual clients. Overall, just a small tax and accounting firm.

Description of Area:
Located in a suburb of Detroit. Once it was a small community but has grown over the years.

Seller is requesting the following additional information from buyer:
Confidentiality Agreement
Financial Statement
Once the above items are provided to NCI, I will arrange a mutually convenient time to view this practice. Any questions, please call.

Interested Parties Should Contact:
Chris Clark
Practice Sales Specialist
New Clients Inc.