Description:
Cocoa area (Central Brevard County) CPA is selling a highly profitable accounting and tax practice. The practice services include 31% accounting, 36% tax preparation for business / other entities, 31% tax preparation for individuals, and 2% other revenue. The estimated revenues for 2021 are $395,000, and the estimated cash flow for 2021 is unusually strong at $310,000 (78% of gross revenue). The practice is in a great location and poised for further growth. The selling price is $450,000. The owner is open to an extended transition period, including working for the buyer next tax season, which should ensure a seamless transition and optimal client retention.