Description:
• Quality accounting and tax practice for sale Northwest of Birmingham • Client mix: More than half of revenues are derived from business clientele, as revenues are comprised of 42% accounting, 20% tax preparation for business / other entities, and 38% tax preparation for individuals • The practice enjoys a loyal following, as evidenced by its superior client retention rate and steady revenue growth • The owner bills accounting clients a flat fee per month or quarter, resulting in a steady year-round revenue stream supplemented by a nice bump-up during tax season • Solid fee structure, with average return fees of about $390 for individuals and $1,710 for business returns • Revenues for the current year are estimated to be $315,000, and cash flow is strong at approximately 58% of gross revenues • Experienced staff is in place and the location is assumable if desired • Seller will assist in transitioning clients to Buyer