Description:
This well-established EA Tax & Accounting Practice for sale in the Traverse City area has annual gross revenues of approximately $538,000. 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. Revenues are nicely mixed between services to provide year-round cash flow, including 49% accounting, 43% tax preparation, and 8% payroll services. A solid fee structure and low overhead also help to generate pristine cash flow to owner! Although there is an office space available and utilized by the practice, since the start of Covid, the vast majority of the work has been performed remotely while the seller is out of the area or state. However, many of the clients continue drop off information during the tax season at the office, and so therefore it is not a fully virtual practice, it is run in a similar fashion. This is the perfect-sized opportunity for a growth oriented individual EA or CPA ready for practice ownership or an easy, profitable addition for another established firm with the capacity to grow.