Description:
This profitable CPA Tax & Accounting Practice for sale in Burr Ridge, IL has annual gross revenues of approximately $275,000. The well-established firm has been nestled in a wealthy Western suburb of Chicago for over twenty-five years. Revenues are nicely balanced between accounting services (58%), tax work (37%), and write-up/compilation consulting (5%) to provide year-round income. A strong fee structure yields exceptional cash flow to owner over 70% of gross! The loyal quality client base includes a good amount of business clients, which should offer plenty of opportunities for expansion of services and continued growth through referrals. In fact, the firm’s strong reputation in the area has led to so many referrals from their clientele, they had to decline new business for 4 or 5 years prior to 2022 as they have chosen not to increase their staff. The firm opened up its opportunities for new clients with the 2021 filing season and tax revenues were up almost 15% net (new clients minus discontinued clients). Therefore a buyer with additional staff could easily grow the client base and services substantially in the near future. This truly is the ideal-sized opportunity for an experienced individual ready to jump into practice ownership or for an existing firm in the area looking to expand.