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The Holmes Group |
Toll-Free: 800-397-0249 |
This well-established, reputable tax and accounting practice for sale in Abilene, TX has annual gross revenues of about $496,000. It is built on a strong foundation of recurring revenue, with no audit or attestation work required. The practice is heavily focused on profitable tax services, which make up 61% of gross income, with another 28% from accounting work, and 11% from other services. With a diverse client base, composed of a nice mix between individuals and businesses, the firm generates strong year-round cash flow. There is also room to expand by offering value-added services, including monthly bookkeeping services, which are frequently requested by clients and currently outsourced to an out-of-state provider. The practice has a solid fee structure with room to implement reasonable increases for immediate growth of the bottom and top line. There is experience staff in place to help effect a smooth transition and the seller would be willing to work for the buyer "behind the scenes" after facilitating the transition if extra capacity is desired.