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Chicago Area CPA Firm for Sale
SOLD
Listing #: IL1262
Location: Illinois
Type: CPA
Annual Revenue: $241,000
Asking Price: $275,000
| Presented by: |
 |
| The Holmes Group |
| Toll-Free: 800-397-0249 |
Description:
This practice was established in the early 2000's and is a successful home-based practice that generates annual gross revenues of approximately $241,000.
Over half the firm's revenue is composed of tax work (65%), with the remainder derived from accounting (25%) and consulting/misc (10%). This desirable mix of services that provide year-round income paired with low overhead costs lead to the practice to generating over 65% net cash flow to the owner.
Currently the owner is the only full-time employee. They do employ one part-time associate as well as occasionally seek contract work to assist with the growing business. The seller is very open to staying on in some compacity to ensure a smooth transition. This practice would be an excellent acquisition for an existing firm or experienced CPA wanting to expand and grow their services with a solid client base that is booming with potential.
Over half the firm's revenue is composed of tax work (65%), with the remainder derived from accounting (25%) and consulting/misc (10%). This desirable mix of services that provide year-round income paired with low overhead costs lead to the practice to generating over 65% net cash flow to the owner.
Currently the owner is the only full-time employee. They do employ one part-time associate as well as occasionally seek contract work to assist with the growing business. The seller is very open to staying on in some compacity to ensure a smooth transition. This practice would be an excellent acquisition for an existing firm or experienced CPA wanting to expand and grow their services with a solid client base that is booming with potential.
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