IRS Compliance & ACA Filing Co. - Legal Services
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Background
| BizEx ID: | BizEx1422-EM |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Legal Services Business Services (B2B) |
| Years in Business: | 8 |
| Under Present Owner: | 8 |
| Hours of Operation: | 8:30am - 5:30pm |
| Owner Hours: | Varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | NA |
| Lease Options: | NA |
| Building Size: | Home Office. Remote Workers |
| Employees: | 5 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $2,100,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,200,000 |
| Discretionary Cash Flow: | $600,000 |
| FF&E: | TBD |
| Inventory Included? | Yes |
| Inventory: | TBD |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $0 |
| Payroll: | $10,000 |
| Financing: | SBA |
Description
Affordable Care Act Health Insurance IRS Required Filings Compliance Company based in Los Angeles.
The IRS and Dept. of Labor require businesses with 50 or more employees to file Forms 1094 + 1095-C and also ERISA Wraps + 5500 filings. This well established and respected company has about 300 clients nationwide who rely on them to property file these mandatory annual forms or are penalized.
- 30% Year to Year Growth
- High Profit Margin - 50%
- Employees work remote
- Very Specialized, Niche Business Sector
- Nationwide Client Base
- High Recurring Annual revenue
- Many Revenue Areas Available
The majority owner is retiring and the other partner (partner's son) is willing to stay post transfer.
This is a highly specialized industry and the sellers will entertain offers from qualified buyers with a basic or high understanding of the market. SBA has pre-approved the business for a qualified buyer as low as 10% down. No Seller Notes accepted but a possible seller earn-out/equity stake may be accepted from a qualified buyer group. We are only engaging with buyers with a reasonable background in the industry. Proof of Funds and/or Bank Approval will be required.
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
