Description:
Partnership or Merger Opportunity: This well established CPA Partnership / Merger Opportunity produces annual revenues of approximately $733,000.   The practice is made up primarily of tax work for individuals (40%) and businesses (14%).   However they also have a solid following of several dozen business clients for which they provide accounting (10%) and/or payroll & consulting services (12%) along with the balance comprised of attestation and review services (24%) primarily for non-profit agencies.   The practice produces very high cash flow for both partners of over 25% each. The non-exiting CPA owner is the audit manager.   The purchasing individual or firm would become a 50% partner with this individual.   This partner along with the other two long-term CPA's who will be staying on with the business, this should provide for a smooth and healthy transition with optimal client retention.