Description:
• Two-owner CPA practice • 49% Tax Preparation (66% Individual; 32% Business; 2% Other); 38% Bookkeeping/Payroll; 4% Consulting; 9% Compilation & Reviews • Cash flow to owner before potentially duplicate expenses is a solid 48% of gross revenue • Practice utilizes UltraTax, QuickBooks and CFSTax (payroll) • 6 full-time employees- 3 professional staff, 1 bookkeeper, 2 admin; 1 part-time CPA, 1 janitor • Office space is owner-occupied; seller is open to leasing or selling space to new practice owner • One owner is interested in staying involved in the practice for multiple years • The other intends to separate from the practice and move out of the area for familial reasons • Both owners are committed to assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention