WASHINGTON

Practice Fact Sheet:
SW Seattle, Washington
Supplied by New Clients, Inc.

Gross Annual Billings:
$1,036,003

Net Profit:
$374,193 with owner addbacks

Purchase Price:
$1,500,000 – Call for details– Financing available to qualified applicants. Various programs available. Call for details.

Year Established:
2005

Accounting, Bookkeeping, Compilations:
Monthly Clients: 87 Avg. Fee: $605 Total: $631,848
Quarterly Clients: 3 Avg. Fee: $1,230 Total: $ 14,760
Annual Clients: 2 Avg. Fee: $2,000 Total: $ 4,000
Income Tax:
Individuals: 520 Avg. Fee: $ 477 Total: $248,170
Businesses: 110 Avg. Fee: $1,143 Total: $125,725
Other: 8 Avg. Fee: $ 750 Total: $ 6,000
Other Services:
Business Incorporation Total: $ 1,450
Certification Total: $ 4,050
Full-time Employees:
5

Computer Software:
Accounting CS, QuickBooks, Lacerte, and Drake

Description of clientele:
We cater to small business clients in construction, restaurants, and other service industries in the area of monthly bookkeeping, payroll, and taxes. we prepare tax returns for their businesses, and also personal tax returns for the owners, and close family members. Other tax clients include referrals, and walk-ins.

Other Information:
65% of the business is comprised of monthly or quarterly or annual write-up (bookkeeping) clients. This guarantees a steady stream of monthly income supplemented by annual tax revenue, and occasional certification and ancillary income.

Description of Area:
The office is located south of Seattle on Puget Sound. It’s very close to SeaTac airport with easy access to the Freeways.

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.