Description:
• Highly profitable Eastern Fairfield County, Connecticut CPA practice for sale • This is a boutique type practice (a low number of returns coupled with higher fees) • Revenue mix: Tax preparation for Schedule C filers (15%), other individuals (57%), and business / other entities (23%); and accounting / other revenue (5%) • The average 1040 fee is approximately $1,105, and the average entity return fee is $2,500 • The firm has experienced steady growth • 2020 gross revenues and cash flow are estimated to be $90,000 and $80,000, respectively • This would be the perfect starter practice for a would-be owner or an easily integrated addition to an existing firm • The owner will assist in transitioning clients to the buyer • Buyer must be a CPA