Location: Santa Fe, New Mexico
Summary Description
Capital Advisors currently represents a profitable accounting and tax practice. The firm provides a wide variety of services to businesses and individuals including accounting & bookkeeping services, payroll service, tax preparation, tax planning, and business consulting. The practice is located in Santa Fe, New Mexico. There is a well qualified staff in place. The firm had total revenues of approximately $546,000 in 2008 and $547,000 in 2007. The client load continues to be strong and well diversified. The owner is willing to consider financing a portion of the business purchase price to a well qualified buyer, with personal collateral. The real estate should be financed through traditional means.
Financial Information
Asking: $595,000
Gross: $546,000
Cash Flow: $127,000
Real Estate: $220,000 (not included in asking price)
Financing: Seller will consider financing for a well qualified buyer.
General Information
Facilities: The business is currently housed in a 1,192 square foot office that is available for purchase in conjunction with the business. The office is in a good central location off a main road with ample parking. The real estate is being offered at $220,000. The owner will sell the business without the real estate or lease the real estate to the new owner at market rate.
Growth and Expansion: The practice serves many local businesses as well as individual clients. The new owner can expand by offering services to an expanded geographic area and/or offering additional services. If the practice were to be purchased by a CPA the firm could offer CPA review and audit services.
Support/Training: The owner is amenable to providing transition support to the new owner.
Reason Selling: Owner wishes to pursue other interests.
