Description:
This reputable CPA practice for sale is in the desirable, affluent community of Plano, TX and produces annual gross revenues of approximately $650,000. This highly profitable practice boasts a strong fee structure and yields exceptional cash flow to owner of about 65% of gross revenue. The practice provides a full range of tax and accounting services and has cultivated a high-quality, loyal client base composed of small to medium size businesses and high-net worth individuals, which should offer opportunities for expansion of services and continued growth through referrals. Revenues are nicely mixed between services to provide year-round income, including about 67% tax work, 30% accounting and compilations, and some additional consulting and miscellaneous services. This turn-key practice, complete with a knowledgeable staff, would be the perfect size and opportunity for an experienced CPA ready to transition into practice ownership. Without a long-term lease to consider, it would also be an easy addition for another established firm in the area looking to expand its client base.