Description:
This very well-established, reputable CPA practice located in the Cedar Rapids-Waterloo Area, IA has annual gross revenues of approximately $537,000.   The practice caters to a high-quality client base including a large amount of businesses, which should offer plenty of opportunities for expansion of services and continued growth through referrals. Revenues are nicely balanced between services to provide year round income and include tax work for individuals and businesses (84%), accounting/bookkeeping (11%), and payroll/miscellaneous services (5%). There is a solid fee structure in place generating good cash flow to owners nearing 50% of gross. This practice would be the perfect size and opportunity for an experienced CPA ready to transition into practice ownership. It would also be ideal for another established firm in the area seeking expansion in this market. Both partners are flexible and would be willing to continue working with the buyer through an extended transition period on a part-time basis, if needed, to assist in a seamless transition and continued success of the firm.