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Northeast Iowa CPA Practice for Sale
SOLD
Listing #: IA1108
Location: Iowa
Type: CPA
Annual Revenue: $346,000
Asking Price: $295,000
| Presented by: |
 |
| The Holmes Group |
| Toll-Free: 800-397-0249 |
Description:
This thriving CPA Tax & Accounting Practice for sale in Northeast Iowa has annual gross revenues continuing to grow and expected to hit around $350,000 for 2024. The practice has a quality client base that includes loyal individuals and a good amount of business clients, which should offer plenty of opportunities for expansion of services and continued growth through referrals. Although revenue is predominately derived from tax work (85%), there is still a decent amount of accounting services (15%) to provide year-round income. Cash flow to owner is above average at over 60% of gross, which with a fee structure below market rates, even a modest fee increase should lead to an immediate boost to the top and bottom line. There is experienced staff in place to assist in a smooth transition and provide capacity for growth. This is the perfect-sized opportunity for an individual CPA ready for practice ownership or an easy, profitable satellite for another established firm.
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