Description:
This CPA practice located in Schaumburg has annual gross revenues of approximately $392,000. Revenues are nicely balanced among tax/review work (51%), accounting services (37%), and (11%) payroll and other services to provide year-round income. There is a solid fee structure generating good cash flow to owners over 40% of gross. The quality client base is accustomed to close, personal, customized attention and includes a good amount of business clients, which should offer plenty of opportunities for expansion of services and continued growth through referrals. This turn-key practice offers an experienced CPA the perfect opportunity to step into a profitable practice with an established book of business and an experienced staff in place to assist with a smooth transition and provide capacity for continued growth.