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Tolland County, Connecticut CPA Practice for Sale (Potentially Suitable for Remote Ownership)
Delisted
Listing #: CT1046
Location: Connecticut
Type: CPA TAX BOOKKEEPING PAYROLL
Annual Revenue: $316,500
Asking Price: $300,000
| Presented by: |
 |
| Lori Newcomer, CPA |
| Toll Free: 888-553-1040 x 2 |
Description:
• Accounting and tax practice for sale based in Tolland County, CT (in northern Connecticut, near the Massachusetts border)
• Revenue mix: Accounting (23%); payroll (9%); tax preparation for individuals (57%) and business / other entities (9%); and other revenue (2%)
• Prior year gross revenues were $316,500, and current year gross revenues are estimated to be comparable
• The practice enjoys good client retention and well-established relationships
• The practice is potentially suitable for remote ownership, as the owner currently lives out of state and spends only 3 to 4 weeks per year in CT with the assistance of experienced staff
• The owner will assist in transitioning clients to the buyer
• The asking price is below one times gross revenue to facilitate a sale this year
• Prior year gross revenues were $316,500, and current year gross revenues are estimated to be comparable
• The practice enjoys good client retention and well-established relationships
• The practice is potentially suitable for remote ownership, as the owner currently lives out of state and spends only 3 to 4 weeks per year in CT with the assistance of experienced staff
• The owner will assist in transitioning clients to the buyer
• The asking price is below one times gross revenue to facilitate a sale this year
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