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Listing ID: 2417863

Bookkeeping Business In St. Thomas, VI - $150,000 For Sale

Virgin Islands

$ 100k to 250k

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 100k to 250k

Cash Flow: not disclosed

Business Description

Great opportunity and growth potential for the right people to expand this business while flourishing in paradise. Current owner is ready to retire and no longer accepts new clients. A combined service offering of a CPA/bookkeeping team could easily double the monthly billings. Seller currently refers clients to local CPAs for annual tax returns.

This well established and trusted island firm has many long term and loyal clients and could have more billable hours with the existing customers. Owner no longer advertising or accepting new bookkeeping clients but has been expanding the business services market with the assistance of a part-time employee with expertise in that field. All new business inquiries are word of mouth referrals. Fantastic potential for growth with the right person or team.

Many CPAs on the island have retired over the past few years so the potential to grow the tax business is huge.

Sourced revenues is 97.5% bookkeeping and 2.5% Tax and Business Services revenue. Business grossed $105,000 in Revenues in 2016, and $111,000 in 2015. Furniture & fixtures and supplies included, valued at approximately $5000. Great location, low overhead and comfortable office. Room for staff of four or more. Reputation of the firm and owner is impeccable. Price will include local introductions and 5 days orientation to existing business accounts. Additional training is negotiable.

Owner is selling a 2Bd/2Ba home on Water Island and 2 vehicles. See listing the home listed on www.zillow.com. Package deal if desired. Great opportunity for a couple or partners. Call now (340) 774-2727.

Property Details

Size:

500 square feet

Years Established:

2011

FF&E:

$ 5,000

Inventory Value:

$ 500

Other Details

Business Location:

Convenient location across from Nisky Center in Crown Bay/Subbase area with parking.

Premise Details:

2nd floor office with 4 desks, conference/dining table, file cabinets and small kitchen with refrigerator, microwave, toaster over and coffee maker.

Competition:

Several bookkeeping services with less expertise in accounting and QuickBooks

Expansion Potential:

A combined service offering of a CPA/bookkeeping team could easily double the monthly billings. Seller currently refers clients to local CPAs for annual tax returns.

Living Accommodation?

Yes
Owner is selling a 2Bd/2Ba home on Water Island and 2 vehicles. See listing the home listed on www.zillow.com.

Operation Details

Employees:

1 part-time

Trading Hours:

9:00 a.m. to 5:00 p.m. Mon-Fri

Support & Training:

Price will include local introductions and 5 days orientation to existing business accounts. Additional training is negotiable.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Retirement

Contact this seller

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