Overview of thisTax, Accounting and Investment Advisory Firm we represent for sale in the central CT area. The ABA business ID is CT-2145. Gross Revenue is one million dollars.
- There is $790,000 in tax and accounting gross revenue.
- There is $210,000 in investment advisory fees.
- Cash flow or SDE / Seller's Discretionary Earnings is $576,000 or 54%.
- The firm has above market average fees.
- Most clients are in central Connecticut.
- There is no particular client niche or concentration.
- 75% of clients electronically send in their info.
- The buyer should be a CPA with solid experience.
- The owner ideally wants to retire after providing transitional assistance to the buyer.
- The owner is willing to stay on and work with or for the new owner if desired.
- The staff is expected to continue with the buyer.
- And all of what I just described promotes continuity and should aid in a smooth transition and client retention.
We are happy to send you more detailed information about this practice, what we call the Sales Memorandum, that includes a history of the firm and financial information about profitability, fees and client mix.
