Description:
• Single-owner CPA practice in DTC area • 67% Tax Preparation (55% Individual; 42% Business; 3% Other); 28% Bookkeeping; 5% Consulting • Cash flow to owner is strong at 57% of gross revenue • Practice utilizes UltraTax, QuickBooks and Thomson Reuters • One bookkeeper 75% FT, 1 PT tax help (scanning & data input), 1 seasonal PT CPA, 1 seasonal front desk person, • Owner occupied 3 office condo with conference room and reception area; seller is open to selling or leasing space to new practice owner • Owner is looking forward to retirement after a long, successful career but is also willing to work for buyer if desired • If not working for the buyer, owner anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention