Description:
• BUYER MUST BE LICENSED (LPA) AND ABLE TO SIGN AUDITED FINANCIAL STATEMENTS •Very well balanced growing CPA practice with revenues as follows: Compilation and bookkeeping (75%); T1 (15%); T2 (10%) •Owner is a CPA, CA •Practice was established in 1984, is very profitable and the owner is ready to retire. • Excellent cash flow to owner at 45% • Office occupies 600 SF of space with a reception area and lots of parking space. Lease is $900 per month all in and expires in August 2020 with a 60 day notice clause • New furniture in the last several years and modern updated computer equipment included in the purchase price • Client base is primarily owner managed businesses, including professionals, manufacturing, holding companies, rental, construction and retail. •Firm has some audits which are Not For Profits and some reviews •Software in use: Profile, Casewear, PEG, Simply, QuickBooks, Sentry File and MS Office