Description:
This unique, mostly virtual CPA practice for sale is based in Texas and has annual gross revenues of approximately $905,000. It caters to a well-established, high-quality client base located predominately in growing, affluent areas of Texas, that includes many businesses, business owners, and professionals. Revenues are nicely mixed between tax (66%), accounting (27%), and payroll (7%) services to provide year-round income with about 55% derived from businesses. By using the latest cloud-based technology and streamlining workflow, the firm has been able to rapidly expand even while reducing overhead costs and continuing to provide prompt, professional service. With no long-term leases in place and clients trained to submit data electronically, the practice is well-positioned to move more toward fully virtual in the next few months and to see a further increase in profitability, when cash flow to owner is projected to exceed 45% of gross income. The practice has experienced staff in place and excellent growth potential. It is the perfect opportunity for any CPA looking to start or expand a CPA practice across Texas and beyond.