Description:
This rapidly growing, cutting edge accounting practice is based in the Dallas, TX area and has annual gross revenues of approximately $223,500. The practice utilizes cloud-based software platforms and caters to a highly desirable client base composed predominately of businesses and business owners. Most of the income (82%) is derived from monthly accounting/bookkeeping services, which generate steady, reliable year-round cash flow. The remaining income is from tax preparation services for the same business clients and owners. A buyer who acts quickly would still be able to complete and bill for many of the 2020 tax returns, which have not yet been prepared. Due to the fact that the clients are serviced remotely, and not seen at a physical office location, a buyer will have great flexibility with regard to where the practice is located. With a high fee structure, low overhead costs, and knowledgeable staff in place, this quality practice offers a unique opportunity to easily start or expand a profitable CPA practice.