Litchfield County, CT CPA Practice for Sale
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
SOLD
CT1036
CT
Litchfield County, CT CPA Practice for Sale
$225,000
$260,000
Presented by: |
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Lori Newcomer, CPA |
Toll Free: 888-553-1040 x 2 |
Description:
• Quality accounting and tax / CPA practice, focused primarily on monthly and quarterly compilation work in a niche industry, and the related tax work • The firm enjoys a loyal following and a sterling reputation in the community for providing quality, timely, personalized service, as evidenced by its stellar client retention rate • Its year-round revenue pattern makes this a great practice to acquire any time of the year • Collections by quarter: Q1 - 31%; Q2 - 24%; Q3 - 22%; Q4 - 23% • The practice is in a great location with good visibility and high traffic generated by surrounding businesses • Revenues have grown steadily in recent years, and the practice is poised for additional growth, as the owner is currently turning away new business • 2021 gross revenues are estimated to be approximately $225,000, and the practice generates unusually strong cash flow of 80%
• Quality accounting and tax / CPA practice, focused primarily on monthly and quarterly compilation work in a niche industry, and the related tax work • The firm enjoys a loyal following and a sterling reputation in the community for providing quality, timely, personalized service, as evidenced by its stellar client retention rate • Its year-round revenue pattern makes this a great practice to acquire any time of the year • Collections by quarter: Q1 - 31%; Q2 - 24%; Q3 - 22%; Q4 - 23% • The practice is in a great location with good visibility and high traffic generated by surrounding businesses • Revenues have grown steadily in recent years, and the practice is poised for additional growth, as the owner is currently turning away new business • 2021 gross revenues are estimated to be approximately $225,000, and the practice generates unusually strong cash flow of 80%