Description:
This well-established CPA practice for sale in Albuquerque, NM has annual gross revenues of approximately $199,000. The practice has been providing quality accounting and tax services for nearly 30 years and caters to a quality client base that includes a good number of businesses and loyal individuals. Revenues are composed of a nice mix between tax work (74%), accounting services (23%), and consulting (4%), and many clients are accustomed to filing extensions, which helps to provide year-round income. There is a solid fee structure in place generating good cash flow to owner over 50% of gross. The practice also operates a satellite office in one of Northern New Mexico's most affluent, desirable communities, which affords excellent growth potential, especially in the non-profit sector and in auditing. There is a knowledgeable staff in place, and the seller would like to work with the buyer after the sale to help ensure a smooth transition and help develop new clients. This is the perfect-sized, turn-key opportunity for any CPA ready to start or expand a practice in this growing market.