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Racine County WI CPA Accounting & Tax Practice for Sale
SOLD
Listing #: WI1037
Location:
Type:
Annual Revenue: $213,000
Asking Price: $235,000
| Presented by: |
 |
| The Weldon Group |
| 800-272-7355 |
Description:
Growing CPA Accounting and Tax Firm is seeking  a â╚¬Å•œBuy in Partnerâ╚¬Â to replace the Selling Partner who is leaving the state for business reasons. Practice is located in a well equipped office building in growing city with easy access and parking.  Recent $100,000 Office Build Out including Furniture and Equipment. Remaining Partner committed to continued growth of the Practice. Total Gross Revenue for 2008 was $425,000. May YTD up 8%. Selling Partner asking $235k for 1/2 of the Practice Ownership. Revenue Breakdown: 27% Personal Tax Preparation, 14% Business Tax Preparation, 59%  Monthly and Quarterly Accounting  and other Business Services. No Audits. Owners currently work 1700 hours annually yet generate an above average owner cash flow at 41% of  Gross Revenue. Leasing 2100 square feet with 6 offices/rooms and reception area. Easy access and parking for clients. Lease is assumable.
Growing CPA Accounting and Tax Firm is seeking  a â╚¬Å•œBuy in Partnerâ╚¬Â to replace the Selling Partner who is leaving the state for business reasons. Practice is located in a well equipped office building in growing city with easy access and parking.  Recent $100,000 Office Build Out including Furniture and Equipment. Remaining Partner committed to continued growth of the Practice. Total Gross Revenue for 2008 was $425,000. May YTD up 8%. Selling Partner asking $235k for 1/2 of the Practice Ownership. Revenue Breakdown: 27% Personal Tax Preparation, 14% Business Tax Preparation, 59%  Monthly and Quarterly Accounting  and other Business Services. No Audits. Owners currently work 1700 hours annually yet generate an above average owner cash flow at 41% of  Gross Revenue. Leasing 2100 square feet with 6 offices/rooms and reception area. Easy access and parking for clients. Lease is assumable.
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