Northern Lake County, IL CPA Practice for Sale
SOLD
Listing #: IL1191
Location:
Type:
Annual Revenue: $118,700
Asking Price: $142,440
Presented by: |
The Holmes Group |
Toll-Free: 800-397-0249 |
Description:
This Northern Lake County, IL CPA Tax & Accounting Practice for Sale has gross revenues of approximately $118,700. It is a well-established practice that enjoys a quality client base of individuals and small businesses, which should offer plenty of opportunities for expansion of services and continued growth through referrals. Â Revenues are nicely mixed between services to provide year-round cash flow, including 48% tax preparation and 52% accounting services. Â A solid fee structure and minimal overhead, allows the practice to generate strong cash flow to owner over 60% of gross. Given the majority of clients are located in close proximity to the office, the ideal buyer will be someone looking to take over the current office space, at least for the first tax season, or someone already established within the immediate service area. Although there are no employees in the practice, the owner is available to assist to ensure a smooth transition. This is the perfect-sized opportunity for an individual CPA or experienced accountant ready for practice ownership. It would also make for an easy and profitable addition for an established firm in the area with extra capacity.
This Northern Lake County, IL CPA Tax & Accounting Practice for Sale has gross revenues of approximately $118,700. It is a well-established practice that enjoys a quality client base of individuals and small businesses, which should offer plenty of opportunities for expansion of services and continued growth through referrals. Â Revenues are nicely mixed between services to provide year-round cash flow, including 48% tax preparation and 52% accounting services. Â A solid fee structure and minimal overhead, allows the practice to generate strong cash flow to owner over 60% of gross. Given the majority of clients are located in close proximity to the office, the ideal buyer will be someone looking to take over the current office space, at least for the first tax season, or someone already established within the immediate service area. Although there are no employees in the practice, the owner is available to assist to ensure a smooth transition. This is the perfect-sized opportunity for an individual CPA or experienced accountant ready for practice ownership. It would also make for an easy and profitable addition for an established firm in the area with extra capacity.
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