NORTH CAROLINA

Charlotte area, North Carolina
Supplied by New Clients, Inc.

Total Gross Income:
$1,200,000

Net Profit:
$422,856

Purchase Price:
$1,300,000 – Financing available to qualified applicants. Various programs available. Call for details.

Year Established:
1998

Accounting, bookkeeping, Compilations:
Monthly Clients: 56 Average Fee: $789 Total: $530,000
Quarterly Clients: 1 Average Fee: $500 Total: $ 2,000
Income Tax:
Individuals: 440 Average Fee: $ 455 Total: $200,000
Businesses: 189 Average Fee: $1,043 Total: $198,000
Other: 20 Average Fee: $ 580 Total: $ 12,000
Financial
Reviews: 6 Average Fee: $8,833 Total: $ 53,000
Compilations: 5 Average Fee: $1,799 Total: $ 9,000
Other Services
QB Consult, PPP, ERC, General Consult Total:$20,000
ASP Hosting, Prop Tax, gift tax, projections Total: $ 17,000
Full-time Employees:
6

Part-time Employees:
2

Computer Software:
QBO, Thomson Reuters Suites, Microsoft Office Suite

Description of Clientele:
Our growth has been focused on virtual bookkeeping and have added approximately $150,000 of recurring monthly billings in 2022.

Description of Area:
Rapidly growing region = expected growth rate of 45% in next 10 years. Region is ranked 9th nationally for new jobs, lots of local sports, culturally diverse, reasonable cost of living.

Seller is requesting the following additional information from buyer which can be downloaded from our website, newclientsinc.com:
Confidentiality Agreement
Financial Statement
Once the above items are provided to NCI, I will arrange a mutually convenient time to view this practice.