SOLD
Traverse City Area, MI CPA Practice for Sale
Listing #
MI1088
Location
Annual Revenue
$416,000
Asking Price
$460,000
Type
Presented by: |
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The Holmes Group |
Toll-Free: 800-397-0249 |
Description:
This well-established CPA practice for sale is located in the Traverse City area of Michigan, which is the third fastest growing area in the state! Â Like the area, the practice has been growing consistently in recent years and 2014 revenues are projected to be at least $416,000. The practice has a great reputation for providing high-quality, personal service and has developed a loyal client base, including many businesses, which should continue to provide referrals and opportunities for expanding services. Â It has an excellent fee structure in place and generates strong cash flow to owner in excess of 50% of gross. Revenues are derived primarily from tax work (81%) with the balance from business consulting, payroll taxes and two annual bookkeeping clients. This truly is the ideal-sized opportunity for an experienced individual ready to jump into practice ownership or for an existing firm in the area looking to expand. Â The owner has also expressed a willingness, and desire, to continue working through a transition period of several years to help ensure the buyer's success.
This well-established CPA practice for sale is located in the Traverse City area of Michigan, which is the third fastest growing area in the state! Â Like the area, the practice has been growing consistently in recent years and 2014 revenues are projected to be at least $416,000. The practice has a great reputation for providing high-quality, personal service and has developed a loyal client base, including many businesses, which should continue to provide referrals and opportunities for expanding services. Â It has an excellent fee structure in place and generates strong cash flow to owner in excess of 50% of gross. Revenues are derived primarily from tax work (81%) with the balance from business consulting, payroll taxes and two annual bookkeeping clients. This truly is the ideal-sized opportunity for an experienced individual ready to jump into practice ownership or for an existing firm in the area looking to expand. Â The owner has also expressed a willingness, and desire, to continue working through a transition period of several years to help ensure the buyer's success.
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