Description:
Established, growing CPA firm in north Denver metro area. Present owner wants to pursue opportunities outside of tax accounting. Annual revenues are derived from serving high net worth individuals, families and corporate executives. Virtually all services are for tax planning and preparation. There are 75 individual tax returns prepared, averaging $2,238 each, 12 business returns with an average fee of $1,588 and 18 other entity returns, primarily trusts, whose average fee is $1,498. Current year revenues have grown by more that 8 percent through mid-year and are expected to total approximately $230,000. Owner cash flow is in excess of 50 percent. The lease of the very professionally appointed offices, with easy access and plenty of parking is assumable. Existing support staff will stay and the owner will provide necessary client transition support to a new owner.