Sale Pending
Midland-Odessa CPA Practice
Listing #
TXW1034
Location
Texas
Annual Revenue
$1,396,000
Asking Price
Type
CPA TAX BOOKKEEPING PAYROLL Other
Presented by:
Kevin J. Overberg, CPA/PFS
Office: 720-988-4334
Description:
  • Three owner CPA practice in vibrant, growing community

  • 40% Bookkeeping; 40% Tax Preparation (60% Individual; 39% Business; 1% Other); 4% Franchise Reports; 16% Payroll

  • Cash flow to owner before potentially duplicate expenses is a solid 60% of gross revenue

  • Practice utilizes PC accounting/QuickBooks, Lacerte and ATX

  • One full-time CPA, 2 FTE bookkeepers and 1 full-time administrative 

  • Office space is owned by oldest partner and can be purchased or leased by practice buyer

  • One partner is looking forward to retirement after a long, successful career, 

  • The other partners are looking forward to relief in their workload but willing to continue to work full-time for at least 1-2 years

  • All anticipate assisting buyer with transitioning clients to maximize knowledge transfer and client retention

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