Colorado Springs CPA Practice
 New
Listing #: CO5201
Location: Colorado
Type: CPA TAX REVIEW BOOKKEEPING COMPILATIONS
Annual Revenue: $657,000
 Asking Price:
Presented by:
Kevin J. Overberg, CPA/PFS
Office: 720-988-4334
Description:
  • Single-owner CPA practice in vibrant, growing community

  • Strong year over year growth for several years

  • 74% Tax Preparation (61% Individual; 35% Business; 4% Other); 11% Bookkeeping; 15% Assurance

  • Bookkeeping was just added in 2023; therefore, it is growing side of practice

  • Assurance work is mostly reviews; Seller is willing to sell it separately from tax and accounting

  • Cash flow to owner before potentially duplicate expenses is a solid 51% of gross revenue

  • Practice utilizes UltraTax and QuickBooks

  • One full-time bookkeeper/administrative employee

  • Office space is owned by seller in a multi-member real estate partnership

  • Owner is looking forward to retirement after a long, successful career

  • At a minimum, owner anticipates assisting buyer through a transition period to maximize knowledge transfer & client retention but is also willing to work for practice buyer for 1 or 2 tax seasons if buyer needs/wants

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