Description:
• Quality CPA practice for sale in Stamford, Connecticut • Revenues are desirably blended to include accounting and payroll (11%); tax preparation for individuals (59%) and business / other entities (19%); other tax services (8%); and other revenue (3%) • The practice enjoys a loyal following, as evidenced by its stellar client retention rate of 99% • 2021 gross revenues are estimated to be $520,000, and the practice is poised for further growth, as the owner has purposely limited new client additions to maintain current level of client service • Strong fee structure (average 1040 and business return fees are approximately $1,210 and $1,455, respectively) • The practice is unusually profitable, generating phenomenal net cash flow to owner of 92% of gross revenue • The practice is in a great location • The owner will assist in transitioning clients to the buyer • Buyer must be a CPA