Description:
This well-respected, full-service CPA firm is in Southeastern New Mexico and produces annual gross revenues of approximately $817,000. The practice caters to the needs of a quality client base and is highly profitable, generating cash flow to owner near 60% of gross revenues. The practice provides a range of services to individuals and local businesses and specializes in performing small business accounting, audits, and tax preparation. Revenue is desirably mixed between tax work (50%), audits (26%), bookkeeping/writeup (18%), and miscellaneous services to provide steady, year-round income. There is an experienced staff in place and the seller is willing to work with the buyer, part-time, after closing to facilitate a smooth transition and continued growth. This is an ideal size and opportunity for a seasoned CPA looking step into his or her own profitable practice. It would also be ideal for another established firm interested in expanding into a market with little competition and fantastic growth prospects.