Description:
The CPA Practice located in Plano, TX has annual gross revenues of approximately $366,000.   Located in one of the most desirable, affluent, and growing areas of the DFW Metroplex, this practice caters to a high-quality client base, boasts a strong fee structure, and should provide cash flow to owner in excess of 60% of gross. Revenues are nicely balanced between fixed fee monthly services (31%), annual accounting (24%), tax preparation for businesses and individuals (38%), and other services. The client base, composed predominately of businesses and business owners, should continue to offer opportunities for expansion of services; in fact, some of the annual clients have already expressed a desire for monthly services. The size of the practice makes it ideal for an individual CPA starting out in practice or another firm seeking expansion. Further, since most of the clients utilize a portal to submit and receive information, the practice is not closely tied to the location and should be portable to any office within a reasonable radius of the current office.