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| The Holmes Group |
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This new tax and accounting practice for sale in southwestern Worcester County, Massachusetts generates annual gross revenue of approximately $520,000.
Fees are strong, with business returns averaging $1,450 each, partnership returns nearly $850 each, and trust returns $750 each. Consequently, cashflow to the owner is strong standing at about 50% of gross income! In total, nearly 50% of revenue is derived from tax/accounting/consulting services provided to desirable business clients.
The seller believes the staff will continue with new ownership provided they are treated and compensated in similar fashion. Additionally, the seller strongly prefers to work with the buyer for several years after closing, not just for the initial transition period. To complement this, the owner has also recently offloaded a less desirable, lower fee subset of work leaving a more focused, easily managed workload for the buyer.
With a main location in southwestern Worcester County and satellite office in western Norfolk County, this is an excellent opportunity for an experienced tax professional to take over an established, reputable, and profitable enterprise! This could also present the chance for an existing firm to quickly grow their footprint and be in a position to bolster revenue with the next tax season only a few short months away!
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