Description:
This well-respected CPA firm for sale is located in West Central Illinois and has annual gross revenues of approximately $876,000. There is an experienced and knowledgeable staff who provide a range of comprehensive tax, audit/review and accounting services to a diverse, well-established client base of loyal individuals and businesses that should continue to generate referrals and opportunities for expanding services. Revenues are nicely mixed between services to provide year-round cash flow, with 52% from tax work, 34% audits/reviews, 8% is comprised of accounting/write up and consulting services and the remaining 6% payroll services. In fact, over 60% of the total revenue is derived from businesses. There is a solid fee structure in place generating strong cash flow to partners near 60% of gross. This is an ideal opportunity for a seasoned CPA ready to step into a profitable, turnkey practice with a quality book of clients as well as an experienced staff in place to assist in a smooth transition and provide capacity for growth. The quality client base would also be an excellent, profitable addition for any other established firm looking to expand services and grow in this market area. There are a lot of growth opportunities to expand audit, payroll and tax services. Additionally, the partners are flexible and have expressed a willingness to assist in an extended transition period, if desired, which should help provide continuity for clients and continued success of the firm.