|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4436||NY||VIRTUAL Practice||$45,000||expired||Private Sale|
Asking price - $50,000. Practice is 100% virtual. No clients are in the state where the owner is located. Selling a small, highly profitable customer list. Average revenue per client is $5,500. Average revenue per tax return is $3,200. Total time spent by owner on all clients is less than 60 hours a year. Average time spent per client is 4 hours. All clients are organized and responsive. Very few require filing an extension. No issues with accounts receivables. Clients pay 100% upfront before any work started. Practice is using CCH Axcess tax software. Good opportunities for cross selling additional tax and accounting services that owner was never able to provide.
Owner is willing to help train for a successful transition. Potential opportunity for future referrals to buyer also available as owner is a thought leader in the tax industry and frequently approached for CPA referrals.
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