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| The Holmes Group |
| Toll-Free: 800-397-0249 |
This well-established practice has a strong reputation within the community, and this is particularly shown forth in the loyal, long-standing client base. They maintain a desirable, more dispersed service mix, with approximately 52% of gross revenue derived from accounting services, 46% from income tax preparation, and the remainder from consulting. Additionally, cashflow is consistent and strong, averaging about 66% of gross over the last several years. The firm is supported by experienced staff who are knowledgeable regarding operations and familiar with the client relationships. This should provide continuity for new ownership and help create a seamless transition. The employees have been informed of the potential sale and the seller believes they will remain with the firm should they be given similar compensation and working conditions. The seller is also committed to assisting with transition support as needed. This opportunity should be well suited for an existing firm seeking to expand or for a CPA looking to acquire a stable, established practice with immediate cash flow and growth potential!
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