Description:
• Long-standing single-owner CPA practice; highly regarded in local community; strong growth potential via referrals from existing clients and community connections. • 54% Tax Preparation (60% Individual; 37% Business; 3% Other); 41% Bookkeeping/Payroll; 5% Tax Planning, Consulting and Other • Cash flow to owner before potentially duplicate expenses is a strong 50% of gross revenue • Practice utilizes Lacerte, QuickBooks and SurePrep • One full-time professional staff; one PT seasonal receptionist; one PT seasonal office manager • Office space is owner-occupied; seller is open to selling or leasing space to new practice owner • Owner is looking forward to retirement after a long, successful career • Owner is flexible on involvement after closing; however, at a minimum anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention