Description:
This CPA practice for sale in North Fort Worth has annual gross revenues of approximately $185,000. It is a well-established CPA practice that caters to a high-quality, loyal client base composed almost entirely of business clients and their owners. In fact, about 98% of the income is derived from business tax (69%), bookkeeping (21%), and consulting (7%) services. Further, nearly 1/4 of the revenue is billed on a steady, monthly basis. The practice has a strong fee structure and generates cash flow to owner close to 70% of gross income. Although the owner has not advertised and has intentionally limited the growth of the practice in recent years, there are ready opportunities for a buyer interested in expanding services and capitalizing on the regular referrals. With only a few months remaining on the office lease and most clients accustomed to providing their documentation electronically, this practice should be relatively portable within Fort Worth and the surrounding suburbs. It is a perfect size and opportunity for an established firm looking to broaden their business client base or for an experienced accountant ready to step into a profitable, turn-key practice.