Mid-coast Maine Tax & Accounting Practice for Sale
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
SOLD
ME1021
Mid-coast Maine Tax & Accounting Practice for Sale
$220,000
$225,000
Presented by: |
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Lori Newcomer, CPA |
Toll Free: 888-553-1040 x 2 |
Description:
Located in desirable Mid-Coast Maine, within commuting distance of Portland . Revenue mix: Tax preparation (83%), accounting and payroll reporting (15%), and other revenue (2%) . The practice enjoys a strong client retention rate due to its reputation for providing quality service . Revenues have grown steadily, and current year revenues are estimated at $220,000 . Cash flow is excellent at approximately 60% of gross revenues . The owner prefers to work for Buyer after closing, which should ensure a seamless transition and optimal client retention.
Located in desirable Mid-Coast Maine, within commuting distance of Portland . Revenue mix: Tax preparation (83%), accounting and payroll reporting (15%), and other revenue (2%) . The practice enjoys a strong client retention rate due to its reputation for providing quality service . Revenues have grown steadily, and current year revenues are estimated at $220,000 . Cash flow is excellent at approximately 60% of gross revenues . The owner prefers to work for Buyer after closing, which should ensure a seamless transition and optimal client retention.