Southwest Mississippi CPA Practice for Sale
SOLD
Listing #: MS1032
Location: Mississippi
Type: CPA TAX BOOKKEEPING PAYROLL
Annual Revenue: $301,000
Asking Price: $275,000
Presented by: |
Lori Newcomer, CPA |
Toll Free: 888-553-1040 x 2 |
Description:
• Well established CPA practice for sale in the Scenic Rivers region of Southwest Mississippi • Revenue mix: Accounting (55%), tax preparation for individuals (24%) and business / other entities (18%), and other revenues (3%) • 2020 gross revenues were $302,000 and are estimated to be comparable in 2021 • With more than half of revenues derived from monthly accounting services, the practice experiences a year-round revenue pattern, supplemented by a bump-up during tax season, making this a great practice to acquire any time of the year • Solid net cash flow to owner of approximately 47% • Stellar client retention rate of 95% • The practice is poised for growth, as the owner is currently turning away new business • The owner will assist in the transition
• Well established CPA practice for sale in the Scenic Rivers region of Southwest Mississippi • Revenue mix: Accounting (55%), tax preparation for individuals (24%) and business / other entities (18%), and other revenues (3%) • 2020 gross revenues were $302,000 and are estimated to be comparable in 2021 • With more than half of revenues derived from monthly accounting services, the practice experiences a year-round revenue pattern, supplemented by a bump-up during tax season, making this a great practice to acquire any time of the year • Solid net cash flow to owner of approximately 47% • Stellar client retention rate of 95% • The practice is poised for growth, as the owner is currently turning away new business • The owner will assist in the transition
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