Accounting practice developed in NYC over 20 years with principal as Enrolled Agent servicing a variety of personal and corporate clients. Annual revenue is split between personal income tax with over 200 clients serviced accounting for 45% of billings with monthly retainers for 28 corporations with related principal tax returns(42) accounting for 51% of billings and consulting making up the balance. Principal has profitable and varied practice with the largest client representing only 3.1% of total revenue. The top 10 clients account for only 17.6% of total revenue. The demographics of the practice are excellent with only 5% of revenue from those over 65 years old. The practice is on the upper east side of Manhattan and has been solid for many years.
Gross Income: $177,921
Fixtures, Furniture & Equipment:
County: New York County
Year Established: 1987
Business Type: Service Related - Accounting
Seller Financing: Payout to be determined based on reasonable terms
Facilities: Only commercial office in primarily residential building.
Growth/Expansion: Growth through referral is likely as well as growth through the specific industries that are serviced by the existing practice.
Support/Training: Owner willing to stay during tax season and for reasonable transition period.
Reason Selling: Retirement
Listing ID: 75927