SOLD
Peoria Area CPA Practice for Sale
Listing #
IL1103
Location
Annual Revenue
$328,000
Asking Price
$270,000
Type
Presented by: |
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The Holmes Group |
Toll-Free: 800-397-0249 |
Description:
The entire practice consists of two partners and staff with gross revenues around $640,000, with one partner looking to retire. Ideally, they would be looking for an individual with tax and auditing experience to join the firm as a 50% owner and continue running the firm in a similar fashion. If a partnership structure with a new buyer cannot be arranged, the seller would also entertain selling off their portion of the business to another accountant or practitioner. _x000D_ The retiring partner's workload is comprised of approximately $328,000 and the revenues are derived from approximately 41% tax, 43% audit, and 12% accounting services. The practice is well established and contains a solid fee structure, which produces excellent cash flow to both partners. There is a solid staff in place and further growth available, specifically in the auditing realm, for a new, eager buyer looking to expand the practice to new heights.
The entire practice consists of two partners and staff with gross revenues around $640,000, with one partner looking to retire. Ideally, they would be looking for an individual with tax and auditing experience to join the firm as a 50% owner and continue running the firm in a similar fashion. If a partnership structure with a new buyer cannot be arranged, the seller would also entertain selling off their portion of the business to another accountant or practitioner. _x000D_ The retiring partner's workload is comprised of approximately $328,000 and the revenues are derived from approximately 41% tax, 43% audit, and 12% accounting services. The practice is well established and contains a solid fee structure, which produces excellent cash flow to both partners. There is a solid staff in place and further growth available, specifically in the auditing realm, for a new, eager buyer looking to expand the practice to new heights.
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