Description:
This CPA practice is desirably located in the sought-after, affluent Southlake, TX area and has annual gross revenues of approximately $682,000. The practice enjoys an excellent reputation for providing competent, professional, and personalized service. Most of the revenues, 80%, are derived from highly-profitable tax work and 20% from accounting and consulting services that provide year-round income. The firm caters to a loyal client base of businesses and affluent individuals, which should provide opportunities for expanding services and continued growth through referrals. The practice has a fantastic team of staff members in place, comprised of experienced, independent professionals of high integrity, who work part-time, as needed. This flexibility, in conjunction with a strong fee structure, contributes to the firm's exceptionally high cash flow to owner above 60% of gross income. This turn-key practice is the perfect size and opportunity for an experienced CPA ready for practice ownership or an existing firm looking to expand in this growing, vibrant area.