Description:
This well-established, reputable CPA practice for sale is located in a growing community in Southeast Iowa and produces annual gross revenue of approximately $362,000. The practice caters to a loyal client base including a large number of businesses, which should offer plenty of opportunities for expansion of services and continued growth through referrals. Revenues are nicely balanced between services to provide year round income and include tax work for individuals and businesses (74%), accounting/bookkeeping (14%), and payroll services (12%). There is a solid fee structure in place generating strong cash flow to owners in excess of 60% of gross. This practice would be the perfect size and opportunity for an experienced CPA ready to transition into practice ownership. It would also be ideal for another established firm in the area seeking expansion in this market. One of the partners is flexible regarding transition and may be willing to continue working with the buyer through an extended transition period, if needed, to assist in a seamless transition and continued success of the firm.