Overview - ABA Advisors represents this CPA owned, high end tax practice in the northern Seattle/Bellevue, WA area. The seller is willing to provide transitional assistance to the buyer to help ensure a solid transition.
The practice - The owner started the firm 20 years ago after obtaining almost 20 years tax experience working for other CPA firms. The owner has been very selective in bringing on clients, restricting new clients to ones they felt would be solid, long-term clients. This has proven to be a great strategy as client retention is very high and average fees are above normal for a firm this size. The average 1040 is $1,885, average corporate return is about $4,000 and average partnership return is $1,200. The owner operates 100% remotely and does not meet any clients face to face. All interactions are done by telephone and zoom meetings. The owner’s net is 70%. The owner feels the buyer must be a CPA.
