E-Commerce-Online CPE Courses forTax-CPAs-EAs

Orange County, CA (Relocatable)

Online Tax-CPE Training business for sale
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Asking Price: $890,000

Cash Flow: $282,849

Gross Revenue: $399,897

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: 2006

E-Commerce-Online CPE Courses forTax-CPAs-EAs

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Business Description

SBA financing, 6 mos no payments!

Online CPE (Continuing Professional Education) training company with IRS and NASB accreditations for all states established in 2006 is now available for acquisition. Revenue $399,897, DE $282,849, asking $890,000. The company has an integrated suite of online training courses through self-study and On-Demand webinars with an extensive library of course materials. There are 7,003 active clients plus an email list of 58,000 tax and accounting professionals.

The business has SBA pre-approval for a qualified buyer. SBA loans funded between Feb 1st and Sept 30th 2021 qualify for 6 months of no payments with loan forgiveness while program funds last. The SBA is also waiving the 3.5% guarantee fee which will save the buyer $26,478 in closing costs on this transaction.

The company successfully pivoted in 2020 from a business model of live tax seminars coupled with online CPE training to a 100% online model while maintaining revenue. In 2020 the company created and launched a Virtual Tax Seminar that is being hosted 4 times a week and a digital tax reference guide for CPAs and EAs. As a result of these changes revenue increased 31% in December year-over-year and the 4th quarter of 2020 was 11% above 2019.

The company operates on an ecommerce model with all orders placed via their online store. The business is relocatable and a staff can work remotely and does not need to work from a brick and mortar office. Office admins handle customer support/service. The owner’s role is primarily content development (written materials & webinars, 2020 tax materials have already been created), accreditation compliance/renewals, and managing the online store (this could be delegated to an admin) and finances.

Summary
* $399,897 Sales 2020
* $282,849 Discretionary Earnings 2020
* Offered at $890,000
* SBA financing available for qualified buyers
* $135,000 down payment with SBA financing (see page 40 for details)
* $182,081 net after debt service with SBA Financing

Products & Services
* 100% of CPE Course offered online
* 7,003 active clients
* email database of over 58,000 tax and accounting professionals
* Library of 99 CPE Courses, Webinars & Tax Reference Materials
* 277 Individual lessons in library
* Over 300 hours of certified CPE.
* 2019 Tax Course & Updates Complete

Accreditations
* CPE for CPAs in all states NASBA & National Registry of CPE Sponsors
* IRS Approved Continuing Education Provider for EAs
* IRS Voluntary Annual Filing Season Program (AFSP) & IRS Annual Tax Refresher Course (ATRC)
* CTEC (California Tax Education Council)

Buyer Requirements
The ideal buyer would have tax/accounting experience and be capable of creating new content and courses. New courses can be created from existing materials. The peak season for this business is countercyclical to that of a CPA/EA practice as it runs from October through January.

Inquiries from Principals Only

Detailed Information

Location:
Orange County, CA
Employees:
2
Support & Training:
The Seller will train the new buyer for 4 weeks/20 hours per week and will consider additional consulting with a negotiated and agreed upon consulting agreement beyond the 4 week training period.
Reason for Selling:
Sellers wants to focus 100% of time and investment in other business
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(from currently available funds)
 
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Bill Grunau

Business Listed By:
Bill Grunau

Pacific Business Sales

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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