Description:
This well-established, yet ever-growing CPA Practice for sale in North Texas has annual gross revenues of approximately $3,560,000. The practice caters to a loyal, long-term client base and has earned an excellent reputation for providing the highest level of service and quality work product. It is an exceptionally profitable firm for its size with a strong fee structure and high realization rate, yielding well above average cash flow to the owners. The firm has developed and cultivated for many years an expertise within a particular auditing niche, which makes it easier to retain uniquely profitable clients and attract new business throughout the state. Approximately 50% of the income is derived from auditing services and 45% from tax work for a nice mixture of individuals and businesses. The practice also provides bookkeeping and payroll services for a many of their business clients and, although this has not been a focus of the owners, the large number of business clients should provide ample opportunity for expanding the accounting services if desired. This turn-key practice, complete with knowledgeable, long-term staff in place, is truly a one-of-a-kind, first-rate opportunity that would be ideal for any CPA firm looking to expand in the booming North Texas market. The partners are also flexible about transition and willing to work with a buyer for some time after closing to help ensure continuity and a smooth hand-off for clients and staff.