Description:
• Four shareholder EA tax and accounting practice • Demonstrated significant growth for the past two years • 70% Tax Preparation (71% Individual; 25% Business; 4% Other); 29% Bkpg/Payroll; 1% Consulting • Seller is open to selling tax clients separate from bookkeeping & payroll clients • Cash flow to owner before potentially duplicate expenses is a solid 55% of gross revenue • Practice utilizes ProSeries, Lacerte, QuickBooks and OfficeTools WorkSpace • Shareholders are either EAs or QuickBooks Pro Advisors. No other employees. • Lease expires in 7/2021 but is assumable/renewable to new owner. • Shareholders are retiring or pursuing other opportunities. One shareholder (President/Enrolled Agent) would like to stay on with the new owner; however, this shareholder anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention regardless.