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"Heart of Texas" CPA Firm
SOLD
Listing #: TXC1077
Location: Texas
Type: CPA TAX AUDIT REVIEW
Annual Revenue: $1,208,000
Asking Price:
| Presented by: |
 |
| Kevin J. Overberg, CPA/PFS |
| Office: 720-988-4334 |
Description:
- Well established sole practitioner CPA firm
- Tax preparation is 85-90% of revenue each year. Approximately 2/3 of this is individuals. Business and trust returns make up the balance. Bookkeeping is typically 10-15% of revenue.
- Owner’s discretionary cash flow is 48% of revenue
- Software used for tax preparation is CCH ProSystem Fx; Accounting software id Accounting CS
- Five employees – 3 professional staff, 1 bookkeeper and an office manager
- Practice offices in an owner owned building which has been significantly remodeled and upgraded
- After a long successful career owner is looking forward to retirement from public accounting to devote time to real estate investments and travel but expects assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention
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