New Clients, Inc.West Essex, New Jersey Practice Fact Sheet
Practice Fact Sheet:
West Essex, New Jersey
Supplied by New Clients, Inc.
Total Gross Income:
$968,016 (Monthly & Quarterly per hour and retainer billing is included in the income tax/accounting totals revenue below)
Net Profit:
$524,818 includes Owner add backs
Purchase Price:
$2,000,000 – Financing available to qualified applicants. Various programs available. Call for details.
Year Established:
2001
Accounting, bookkeeping, Compilations + Payroll Taxes:
| Monthly Clients: 20 | Avg. Fee: $500 | Total: $120,000 |
| Quarterly Clients: 40 | Avg. Fee: $1,000 | Total: $160,000 |
Income Tax:
| Individuals: 470 | Avg. Fee: $632.57 | Total: $297,310 |
| Businesses: 273 | includes owner’s individual returns | |
| Corp: 111 | Avg. Fee: $4,505.46 | Total: $389,106 |
| Partnerships: 113 | Avg. Fee: $1,792.33 | Total: $194,600 |
| Trusts: 40 | Avg. Fee: $427.88 | Total: $ 17,115 |
| Non-profit: 15 | Avg. Fee: $1,792.33 | Total: $ 26,885 |
Audits, Reviews:
| Audit-3 financial statement reviews | Total:$ 33,000 |
Other Services:
| Annual report filings | Total:$ 10,000 |
Full-time Employees:
2
Part-time Employees:
2
Computer Software:
Thomson Reuters Professional Suite, Including Ultra Tax CS and related modules, as well as practice CS for billing. CCH 1099 prep, Microsoft 365.
Description of Clientele:
The practice has approximately 300 business clients that our office maintains on a monthly and quarterly basis, performing bookkeeping, sales tax filings. These clients are billed on a fixed retainer and per hour charges, with invoices mailed monthly or quarterly. Aside some bookkeeping attached to tax preparation, there aren’t many annual bookkeeping services.
There are five premium clients who are billed between $30,000 – $40,000 in the auto rental, law, distributorship, construction and pharmaceutical industries.
Description of Area:
West Essex NJ, specifically northern West Caldwell is primarily a commercial area with many offices in our complex and the surrounding area. It is in an attractive area to live in.
Buyer Inquiry:
To help us better serve you and your needs, please fill out the below form.
Once the above items are provided to NCI, I will arrange a mutually convenient time to view this practice. Any questions, please call.
Interested Parties Should Contact:
Bruce Clark
1-856-304-1035
E-mail: bruce@newclientsinc.com
Sincerely,
Bruce Clark, CEO
Author, NCI Effect, Explosive Client Growth Plan for Accountants and CPAs
Beyond the NCI Effect, Sales Strategies That Matter to Grow an Accounting Practice
Author of the ebook, The Seven Secrets to Selling Your Practice on Your Terms
