West Essex County, NJ - Sale Pending - Business for Sale
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Accounting and Tax Practice in West Essex County, NJ
NJ, US
Added 3 months ago
Accounting and Tax Services
25 years in business
Under Contract
Accounting and tax practice providing bookkeeping, compilations, payroll taxes, and income tax services to business and individual clients in West Essex County, New Jersey.
Key Information
Asking
$2.0M
Revenue
$968K
Earnings
$525K
Multiple
3.8x
Key Highlights
- Years in operation: 25 (established 2001)
- Full-time employees: 2; Part-time employees: 2
- Client base includes approximately 300 business clients maintained monthly and quarterly
- Five premium clients billed between $30,000–$40,000 each in auto rental, law, distributorship, construction, and pharmaceutical industries
- Accounting, bookkeeping, compilations, and payroll taxes: 20 monthly clients ($120,000 total), 40 quarterly clients ($160,000 total)
- Income tax services: 470 individuals ($297,310), 111 corporations ($389,106), 113 partnerships ($194,600), 40 trusts ($17,115), 15 non-profits ($26,885)
- Audit and review services: $33,000 total from 3 financial statement reviews
- Other services: $10,000 from annual report filings
- Computer software included: Thomson Reuters Professional Suite (Ultra Tax CS, Practice CS), CCH 1099 prep, Microsoft 365
- Sale status: Pending
Contact Info
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