Description:
• Titusville, FL area (East of Orlando) Enrolled Agent is selling a profitable accounting and tax practice • Revenues are desirably blended to include 47% accounting, 14% tax preparation for business / other entities, 36% tax preparation for individuals, and 3% other revenue • Almost 2/3 of revenues are derived from business clientele representing a broad range of industries • Revenues have grown steadily, and the practice is poised for further growth • Estimated revenues and cash flows for 2022 are $540,000 and $260,000, respectively • Approximately half of annual revenues are derived from monthly / quarterly accounting and payroll, making this a great practice to acquire any time of the year • The practice enjoys a strong realization rate, as most 1040s are completed in less than 30 minutes with an average fee of about $265 during the most recently completed tax season • The practice is in a great location on a main road, and the location is assumable if desired • The owner will assist with the transition