Description:
• CPA practice for sale with revenues comprised of tax preparation for individuals (69%), tax preparation for businesses/other entities (28%), and other revenue (3%) • 2019 gross revenues are estimated to be approximately $200,000 • The firm enjoys a loyal following and stellar client retention rate • The practice generates strong cash flow to owner of approximately 79% • The firm is poised for growth, with the owner consistently turning away work. In addition, the buyer has an opportunity to expand services to include accounting and payroll, which are not currently offered. • The owner’s annual time commitment is much lower than is typical for a practice of this size, offering a nice work/life balance • The owner will assist in transitioning clients to the buyer