Description:
Sole-owner CPA practice . Consistent growth in recurring revenue with strong per engagement fee structure. 72% Tax Prep (51% Individual; 45% Business; 4% Other); 13% Bookkeeping/Payroll; 13% Consulting; 2% Compilation & Reviews. Cash flow to owner before potentially duplicate expenses is a solid 48% of gross revenue. Practice utilizes Lacerte and Quickbooks. Practice utilizes combination of regular employees and seasonal contractors. Office space is owner-occupied; seller is open to leasing space to new practice owner. Owner is looking forward to retirement after a long, successful career. Owner anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention.