Description:
This reputable CPA practice in Plano, TX has a segment of premium accounts being offered for sale that generate annual gross revenues of approximately $406,000. This unique and highly profitable book of business is composed predominately of businesses with monthly fixed fee billing agreements for bookkeeping and other accounting services. In fact, approximately 83% of the revenues are derived from monthly accounting services, which yield dependable income throughout the year. Tax preparation services for these clients, their owners, and some other businesses and high-net worth individuals make up the remaining 17% of income. The practice has a strong fee structure and the margins on these clients have been exceptional, yielding about 50% cash flow to the owner with only minimal owner time allocated to the accounts. Further, since the premium clients being sold are not accustomed to visiting the seller's office, they should be relatively portable to any location within the DFW metroplex. There are also knowledgeable staff members who are likely to transfer with these accounts, if desired. This opportunity is ideal for both an established firm seeking a profitable addition or an experienced individual CPA looking to jump start a new practice with a first-rate client base that will provide strong, year round cash flow.