Description:
• Quality accounting and tax / CPA practice, focused primarily on monthly and quarterly compilation work in a niche industry, and the related tax work • The firm enjoys a loyal following and a sterling reputation in the community for providing quality, timely, personalized service, as evidenced by its stellar client retention rate • Its year-round revenue pattern makes this a great practice to acquire any time of the year • Collections by quarter: Q1 - 31%; Q2 - 24%; Q3 - 22%; Q4 - 23% • The practice is in a great location with good visibility and high traffic generated by surrounding businesses • Revenues have grown steadily in recent years, and the practice is poised for additional growth, as the owner is currently turning away new business • 2021 gross revenues are estimated to be approximately $225,000, and the practice generates unusually strong cash flow of 80%