Semi-Virtual Texas-Based CPA Practice for Sale
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
SOLD
TXN1606
TX
Semi-Virtual Texas-Based CPA Practice for Sale
$905,000
$1,100,000
Presented by: |
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The Holmes Group |
Toll-Free: 800-397-0249 |
Description:
This unique, mostly virtual CPA practice for sale is based in Texas and has annual gross revenues of approximately $905,000. It caters to a well-established, high-quality client base located predominately in growing, affluent areas of Texas, that includes many businesses, business owners, and professionals. Revenues are nicely mixed between tax (66%), accounting (27%), and payroll (7%) services to provide year-round income with about 55% derived from businesses. By using the latest cloud-based technology and streamlining workflow, the firm has been able to rapidly expand even while reducing overhead costs and continuing to provide prompt, professional service. With no long-term leases in place and clients trained to submit data electronically, the practice is well-positioned to move more toward fully virtual in the next few months and to see a further increase in profitability, when cash flow to owner is projected to exceed 45% of gross income. The practice has experienced staff in place and excellent growth potential. It is the perfect opportunity for any CPA looking to start or expand a CPA practice across Texas and beyond.
This unique, mostly virtual CPA practice for sale is based in Texas and has annual gross revenues of approximately $905,000. It caters to a well-established, high-quality client base located predominately in growing, affluent areas of Texas, that includes many businesses, business owners, and professionals. Revenues are nicely mixed between tax (66%), accounting (27%), and payroll (7%) services to provide year-round income with about 55% derived from businesses. By using the latest cloud-based technology and streamlining workflow, the firm has been able to rapidly expand even while reducing overhead costs and continuing to provide prompt, professional service. With no long-term leases in place and clients trained to submit data electronically, the practice is well-positioned to move more toward fully virtual in the next few months and to see a further increase in profitability, when cash flow to owner is projected to exceed 45% of gross income. The practice has experienced staff in place and excellent growth potential. It is the perfect opportunity for any CPA looking to start or expand a CPA practice across Texas and beyond.