Description:
This well-established, thriving CPA practice is located in Monroe County, MI not far from the Detroit metro area and just minutes from the Toledo metro area and produces annual gross revenues of approximately $354,000. The practice was founded by the current owner over 35 years ago and provides professional, quality tax and accounting services to a loyal client base of individuals and small businesses that should continue to provide referrals and opportunities for growth. Revenues are nicely balanced between tax work (64%) and accounting services (36%) to provide year-round income. There is a solid fee structure in place, which yields strong cash flow to owner of nearly 70% of gross. This turn-key practice is complete with a tenured staff and is the perfect size and opportunity for an experienced CPA ready to transition into practice ownership. It would also make a nice profitable addition for another established firm looking to expand in this market. Additionally, the seller cares a great deal about the clients and is willing to go above and beyond to help ensure a smooth transition and that the buyer is successful in securing the client relationships.