Description:
• Single-owner CPA practice in vibrant, growing community • 59% Tax Preparation (30% Individual; 59% Business; 11% Other); 29% Bookkeeping; 8% Consulting; 4% Texas Franchise Returns • Cash flow to owner is a solid 43% of gross revenue • Practice utilizes UltraTax, QuickBooks and (Practice) Ignition • 1 FT Business Tax Manager and 2 FT employees outsourced for accounting and tax prep are expected to remain with the practice post-sale • Owner devoted less than 900 hours per year to client revenue being sold • Office is for mail and occasional client meetings only, rented on month-to-month basis (less than $100/month); practice is otherwise virtual • Owner is looking forward to a career change in a complimentary but non-competitive business after building a very successful CPA practice • Owner anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention