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12800
Hillcrest Road, Suite 112 Dallas, TX 75230
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| ReferenceNumber: | 196 |
Business Type:
(P/S, Corp., Sole Prop.) | Sole Prop |
| Business Location: | Atlanta, GA |
| Industry Type: |
Service |
| Asking Sales Price: | $1,250,000 |
| Prior Years: |
12/31/04 |
12/31/03 |
12/31/02 |
| Assets: |
N/A |
N/A |
N/A |
| Liabilities: |
N/A |
N/A |
N/A |
| Sales: |
$424,760 |
$440,384 |
$461,805 |
| Pre-Tax Net Income: |
$239,867 |
$259,178 |
$260,357 |
| Recast Earnings*: |
$239,867 |
$259,178 |
$260,357 |
| *Recast Earnings: Add back owners/officers' salary, interest and depreciation |
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| DISCLAIMER:
The information pertaining to gross sales and net profit is provided by the sellers, and has not been audited or verified by UBA. Interested buyers are hereby advised that verification of all seller representations is a normal part of buyer's due diligence responsibilities prior to completing a purchase of a business. |
| Description of Business: |
| Owner of a retirement planning firm that nets about $263,000 per year (59% of revenues). Revenues have been consistent and stable totaling $4.6 million over the last 10 years with limited support staff. This profitable retirement planning firm services clients nationally from one location. Little or no marketing needed to acquire new clients. Aggressive marketing should substantially increase revenues and profits. Assets in these plans exceeds $125,000,000 We offer a full range of prototype retirement plans and all related documents. Since 1983, our firm has been operated successfully with only one enrolled actuary/owner, one full time clerical office person and three part-time individuals. We serve over 250 clients in 30 states and three foreign countries. Most clients are small businesses. Most of our fees are for recurring administrative and actuarial services. Some consulting is needed. Travel is limited. Owner wants to retire, and is willing to train. Price is negotiable.
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| Reason For Sale: |
| Owner retiring. |
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