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Midland-Odessa CPA Practice
Listing #
TXW1034
Location
Texas
Annual Revenue
$1,303,000
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 57% of gross revenue
- Practice utilizes PC accounting/QuickBooks, Lacerte and ATX
- One full-time CPA (in addition to owners), 1.5 FTE bookkeepers and 1 full-time administrative
- Office space can be easily transferred to new owner
- One partner is looking forward to retirement after a long, successful career,
- The other partners are looking forward to relief in their work load but still willing to work full-time
- All anticipate assisting buyer with transitioning clients to maximize knowledge transfer and client retention
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