Presented by: |
Lori Newcomer, CPA |
Toll Free: 888-553-1040 x 2 |
• Accounting and tax (CPA) practice for sale in a trendy suburb of Birmingham, Alabama (Jefferson County)
• Revenue is desirably blended to include accounting services (approximately 43%); tax preparation for individuals (34%) and business / other entities (21%); and other professional services (2%)
• The high proportion of monthly accounting provides year-round revenue and cash flow, making this a great practice to acquire anytime of the time
• Prior year gross revenues were $448,000, and 2024 gross revenues are estimated to grow by 5% to $472,000
• Cash flow is strong at 53% of gross revenue ($237,000 in 2023 and $250,000 estimated in 2024)
• Tax software in use includes Drake
• Experienced staff is in place
• The owner is open to working part-time for Buyer after closing, which should optimize client retention