CO1117 Colorado Springs, CO CPA Practice For Sale
Status
Listing #
State
Location
Annual Revenue
Asking Price
Type
SOLD
CO1117
CO
CO1117 Colorado Springs, CO CPA Practice For Sale
$1,950,900
Presented by: |
![]() ![]() |
Kevin J. Overberg, CPA/PFS, CFP |
Office: 720-988-4334 |
Description:
Sole-owner tax and accounting CPA practice in vibrant Colorado Springs, CO (just named the best city in the USA in which to live) Very stable, strong revenue stream with modest growth the past few years Tax return preparation services are approximately 64% Individual returns, 32% Business returns and 4% Fiduciary returns Just over 200 accounting services relationships including write-up, payroll and sales tax returns, accounts payable processing and monthly or quarterly compilations Cash flow to owner before potentially duplicate expenses is 29% of gross revenue with potential for improvement with restructuring and/or consolidation with another practice to achieve efficiencies of costs Practice utilizes Pro Systems and QuickBooks software platforms Seven full-time professional tax preparer staff members; 4 bookkeeping staff members; 2 administrative staff members plus seasonal tax season members get the work out Leased office suite in great NW location with just over a year left on the current lease Owner is looking to future retirement after long, successful career but wishes to assist buyer through an appropriate transition period to maximize client knowledge transfer and retention
Sole-owner tax and accounting CPA practice in vibrant Colorado Springs, CO (just named the best city in the USA in which to live) Very stable, strong revenue stream with modest growth the past few years Tax return preparation services are approximately 64% Individual returns, 32% Business returns and 4% Fiduciary returns Just over 200 accounting services relationships including write-up, payroll and sales tax returns, accounts payable processing and monthly or quarterly compilations Cash flow to owner before potentially duplicate expenses is 29% of gross revenue with potential for improvement with restructuring and/or consolidation with another practice to achieve efficiencies of costs Practice utilizes Pro Systems and QuickBooks software platforms Seven full-time professional tax preparer staff members; 4 bookkeeping staff members; 2 administrative staff members plus seasonal tax season members get the work out Leased office suite in great NW location with just over a year left on the current lease Owner is looking to future retirement after long, successful career but wishes to assist buyer through an appropriate transition period to maximize client knowledge transfer and retention