West Essex County, NJ- Sold - Business for Sale
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Accounting and Tax Practice in West Essex, NJ
NJ, US
Added 5 months ago
Accounting and Tax Practice
25 years in business
Under Contract
This is an accounting and tax practice in West Essex, NJ providing bookkeeping, compilations, payroll tax, and income tax services to business and individual clients.
Key Information
Asking
$2.0M
Revenue
$968K
Earnings
$525K
Multiple
3.8x
Key Highlights
- Year established: 2001
- Full-time employees: 2; part-time employees: 2
- Approximately 300 business clients maintained monthly or quarterly
- Five premium clients billed $30,000–$40,000 each in industries including auto rental, law, distributorship, construction, and pharmaceuticals
- Accounting/bookkeeping/payload taxes: 20 monthly clients ($120,000 total), 40 quarterly clients ($160,000 total)
- Income tax services: 470 individuals ($297,310 total), 111 corporations ($389,106 total), 113 partnerships ($194,600 total), 40 trusts ($17,115 total), 15 non-profits ($26,885 total)
- Audits/reviews: 3 financial statement reviews totaling $33,000
- Annual report filings: $10,000
- Uses Thomson Reuters Professional Suite, Ultra Tax CS, Practice CS, CCH 1099 prep, and Microsoft 365
- Sale pending
Contact Info
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