Description:
• Two-owner CPA firm with multiple locations • Established, loyal client base • 73% Tax Preparation (72% Individual; 27% Business; 1% Other); 27% Bookkeeping/Payroll • Cash flow to owner before potentially duplicate expenses is 33% of gross revenue; significant cost-saving opportunities exist to improve cashflow • Practice utilizes UltraTax and Quickbooks • Four full-time CPA employees; Office Managers in 2 locations; Receptionist in primary location • Practice has 3 offices. The primary 2 are owner-occupied. Seller prefers to sell or rent to new practice owner, but is open to other solutions • 1 owner is willing to stay on as needed but is looking forward to retirement after a long, successful career; the 2nd owner wishes to continue for a number of years