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Cedar Rapids Area CPA Practice
Sale Pending
Listing #: IA5229
Location: Iowa
Type: CPA TAX BOOKKEEPING
Annual Revenue: $600,000
Asking Price: $540,000
| Presented by: |
 |
| The Holmes Group |
| Toll-Free: 800-397-0249 |
Description:
This well-established, yet rapidly growing CPA Tax & Accounting Practice for sale in the Cedar Rapids Area has annual gross revenues of approximately $600,000. The firm 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 heavy from tax work for individuals (76%) and businesses (23%), there is still a solid amount of payroll and accounting services along with extensions to help provide year-round income. With a solid fee structure in place, the firm also generates excellent cash flow to the owner of 50% of gross, which could easily grow easily even with just a nominal fee increase. There is also experienced staff in place and the seller would be open to working for the buyer in a reduced capacity to assist in a smooth transition. Finally, the practice also has an excellent marketing system in place which has helped to spur the growth in recent years. For a marketing-oriented buyer and one who has the capacity to grow, the future potential is endless.
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