Description:
This well-established, yet still rapidly growing CPA practice for sale in Honolulu, HI has annual gross revenues of approximately $1,200,000. It caters to a premium client base, which includes many businesses as well as loyal individuals, and should continue to offer opportunity for expansion of services and growth through referrals. Revenues are derived from a desirable mix of services to provide year-round income with 43% from tax preparation, 29% from monthly/quarterly accounting services, and 28% from various other services, including payroll, sales tax, tax audit and tax planning. In total, about 75% of the income is derived from business clients. The practice has a strong fee structure and yields cash flow to owner of approximately 50% of gross income. There is a well-qualified, tenured staff in place to assist in transition and provide capacity for growth. This profitable, turn-key opportunity is ideal for an experienced CPA ready to step into practice ownership or another established firm seeking expansion into this desirable market.