Denver Metro, Colorado Practice Fact Sheet

PRACTICE FACT SHEET: Denver Metro, CO
Supplied by New Clients, Inc.

Purchase Price: $450,000 – Financing available to qualified applicants. Various programs available.  Call for details.

ACCOUNTING, BOOKKEEPING, COMPILATIONS

Monthly Clients: 100, Avg Fee: $200, Total: $240,000
Annual Clients: 10, Avg Fee: $1,200, Total: $12,000

Income Tax:

Individuals: 140, (1040s), Avg Fee: $300 Total: $50,000
Businesses: 100(1065,1120s,1120) Avg Fee: $550 Total: $60,000

Other Services:
$15 each issuance, Total:  $2,000
Bookkeeping Backwork for ~50 new clients annually  Total: $75,000
~20 S-Corp elections at $550 each, Total: $11,000

Total Gross Income: $450,000

Full-time Employees: 6
Part-time Employees: 2

Description of area: Located on main busy highway and close to Denver Technological Center.

Description of clientele: We focus on startup and small business with annual revenue of $100k up to $5m.  Clients range on all industry sectors except for doctors, non-for profits, and government.  We cater to the Colorado Cannabis industry which is a massive growth potential and we do not intend to wait on the sideline.  We currently have 1 Cannabis client.

Other Information: No payroll services are offered to any client.  This is 80% turnkey operation. Subsequent years for these clients are pure revenue growth.  The VP is also responsible for daily operations which includes management of all admin related duties, i.e. computers, social media, manpower, client communications to obtain bank statements and any other required documentation to complete the bookkeeping and tax returns.  In addition the VP is responsible to ongoing client relations to make sure the clients are contacted on a monthly basis.

Seller is requesting the following additional information from buyer:

Interested Parties Should Contact:
Todd Steinberg
1-800-338-0778
E-mail: [email protected]

Once the above items are provided to NCI, I will arrange a mutually convenient time to view this practice. Any questions, please call.

Sincerely,

Todd Steinberg
Executive VP of Sales & Marketing