Description:
CPA practice located on booming I-35 Corridor - great potential for substantial growth. Consistent year over year revenues. 53% Tax Preparation (56% Individual; 44% Business); 47% Write-up/Payroll providing good year-round cash flow. Cash flow to owner before potentially duplicate expenses is approximately 41% of gross revenue. Practice utilizes ProSeries tax software: Quickbooks and Easy Accounting for Write-up and Payroll. Five full-time employees 2 accountants, 2 bookkeeping/payroll staff members and an administrative assistant. Office space to be assumed by buyer and includes room for addition of additional staff. Founder is willing to stay involved post-sale on a reduced hours basis to help solidify client retention.