Description:
Retirement minded owner of this accounting and tax practice is ready to transition the business to a new leader after a successful 30+ years of operations. This is a nice year around consistent income business that generates a cash flow of approximately 67 percent. The revenue mix consists primarily of accounting services provided to 17 monthly, 33 quarterly and 12 annual clients (roughly 61 percent) and tax preparation services for around 125 individual returns, 63 S Corporations and 68 Partnerships (approximately 35 percent). The remaining revenues come from various consulting engagements, monthly technology access fees and other miscellaneous items. All of this is accomplished by the owner with the help of two employees. The owner and both employees are willing to participate in a gradual succession plan to help assure a successful transition of the clients to a new owner.