Description:
This CPA practice for sale in the Jefferson Park Area of Chicago, IL has annual gross revenues of approximately $563,000. This practice has a strong fee structure in place generating excellent cash flow to owner over 70% of gross. Revenues are nicely mixed between services to provide year-round income including 52% tax, 39% accounting/bookkeeping, and 10% consulting. The practice enjoys a solid reputation within the community and has seen significant growth over the years strictly through word-of-mouth referrals. The loyal client base, many who have been with the firm since inception, are accustomed to professional yet personal attention and include a large number of businesses. As the majority of the client base is Hispanic, the buyer will need to be fluent in Spanish. In addition to being bilingual, the ideal buyer will have staff with excess capacity, or be willing to hire additional staff to help with workload. The seller is looking to exit the practice and enjoy retirement and therefore is willing to sell before the upcoming tax season, or next summer, if a deal cannot be reached in time.