Practice located in:

Status:

Bronx, NY

closed

About this

practice

Practice ID:

NY-1122-22

Well-established Bronx area tax practice. CPA owned with a 50% plus net. This practice is in a storefront with excellent foot traffic, which provides an endless stream of new clients. The practice and location are great to add other non-accounting businesses, an existing insurance practice is available as well. The space is larger than needed, and you can reduce the square footage and save on rent. The practice has mostly repeating clients and is presently utilizing Lacerte software. The lease is assumable. You must be able to take over the location, which can be run by a manager or employee. The Seller will support a transition while growing a currently existing business. There is one valued part-time employee that will stay on at your request.

reason for selling

Leaving the area for other oppurtunities

location

Located in:

Bronx, NY

Sales details

Annual Revnue:

$253,000

Sales Price:

$305,000

Terms:

50-80% down. Remaining balance paid over 2 years @ prime plus one. Outside conventional financing (up to 90% ten-year) is available for qualified buyers.