Description:
This well-established CPA practice, for sale in Rockford, IL has annual gross revenues of approximately $695,000. The practice has a strong fee structure and produces solid cash flow to owner of around 40% of gross. Revenues consist predominately of tax preparation services (74%) but there is also a nice mix of other services such as audits/reviews (18%) and monthly accounting work (8%) to provide year round income. The high-quality, loyal client base including many desirable businesses should lend itself to expansion of services and continued growth through referrals. This practice would be the perfect sized, turn-key opportunity for an experienced CPA ready to step into full-time practice ownership or a profitable addition to an established firm seeking expansion in this area. Additionally, the owner is extremely flexible with regards to a transition period and has expressed their willingness to work with the buyer over the course of a few months, or years, if desired.