Description:
This profitable CPA Tax & Accounting Practice for sale in Lee County, IL with annual gross revenues of approximately $333,000. This well-established tax practice is exceptionally profitable, generating a cash flow to the owner in excess of 70% of gross. Revenues are nicely balanced between tax work (56%), accounting services (26%), payroll services (11%), and misc. service (7%) to provide year-round income. The practice has grown organically over time through word-of-mouth referrals from highly satisfied clientele. The seller has not focused on taking on new clients in recent years due to their proximity to retirement, as well as little to no competition in the area, a new buyer has the ability to grow the practice substantially. This firm would be the perfect opportunity for a experienced CPA looking to own a practice for the first time or a highly profitable addition to a local firm. The seller has also mentioned that they would be willing to assist in the transition part-time during the tax season if desired by the buyer.