Description:
This CPA Tax & Accounting Practice for sale in Grand Forks, North Dakota has annual gross revenues of approximately $170,000 that are are nicely balanced between tax work (56%), accounting/bookkeeping (41%), and (2%) QuickBooks consulting services to provide year-round income. The seller is motivated and has reduced the price to 90% of gross with an eye towards having a deal in place by year end. A strong fee structure generates good cash flow to owner around 65% of gross. The well-established, quality client base includes a good amount of business clients, which should offer plenty of opportunities for expansion of services and continued growth through referrals. While there are no audit or review services provided at present, there is a need as not many firms in the area offer these types of services. Therefore, a buyer capable of providing audit and review services could see an immediate boost to the bottom line. The seller is available, short term, to assist with transition and the employee will be available to stay on board, which will allow the next operator to continue growth through expansion of services. This is an ideal opportunity for an experienced accountant looking to jump into practice ownership or a profitable addition to an established practice in the area with capacity to expand.