Description:
•Long established and highly respected very well balanced and profitable CPA tax and bookkeeping practice generating an excellent cash flow to the owner. •Services mix includes 2 Review engagements (2%); NTR and Bookkeeping revenues (56%); T2 (8%); T1(13%); Payroll/T3/T4/T5 (2%); Consulting (4%); Miscellaneous Services (25%) •Software in use: Tax Prep, CaseWear •Newly renovated 3 story building consists of approximately 3,000 SF of offices, boardroom, meeting room kitchenettes with 3 baths and completely updated furniture, equipment and computers in a building owned by the practitioner and available for sale separately to the buyer. Note if the buyer is not interested in purchasing the building in addition to the practice (Purchase price of $1.3 M) the owner will be selling on the open market. The premises are not available for lease on a long term basis. All brand new office equipment, furniture, computers were recently upgraded at a cost of $75,000 (included in asking price except a personal desk and other personal furniture are excluded) •Billings of $611,170 for year ended July 31, 2020, current fiscal year billings through April 30, 2021 are $400,713 and are projected to exceed $500,000 for year ending July, 2021. •Long term professional staff willing to stay on with new owner but it is to be noted that the practice requires one experienced part time staff member which must be hired in order to complete all the ongoing work. •Seller is offering a proper transition period to ensure buyer's success. As well seller has completed the in depth tax course and is available on a paid consultant basis to help the buyer if desired.