Presented by: |
Lori Newcomer, CPA |
Toll Free: 888-553-1040 x 2 |
• Accounting and tax practice for sale in Fairfield, Connecticut
• Revenues are desirably blended to include accounting (approximately 29%), tax services for individuals (24%) and business / other entities (26%), and other professional services (21%)
• 2024 gross revenues are estimated to grow by 11% to approximately $885,000
• Cash flow is quite strong at 55% of gross revenue ($486,000 estimated for 2024)
• The firm enjoys a stellar fee structure, with average return fees of about $1,075 for individuals and $2,665 for business / other entities
• With about 75% of revenues derived from business clientele, the firm generates year-round revenue, making this a great practice to acquire any time of the year
• Software in use includes Ultratax by Thomson Reuters
• The owner will assist in transitioning clients to Buyer and is open to an extended transition period, which should ensure a seamless transition and optimal client retention
• Please note that Buyer must be a CPA