POTENTIAL BUYERS MUST BE EXPERIENCED CPAs. TWO PARTNERS ARE PLANNING TO EXIT IN THE NEAR FUTURE AND THIS TALENT MUST BE REPLACED. BUYERS NEED TO WORK IN THE BUSINESS, NOT SIMPLY MANAGE IT.
Founded 50 years ago, this practice is a second-generation firm with a great reputation in the rapidly growing North Texas region. The practice is very profitable and has grown each year. Average fees are strong, and no single client represents over 10% of revenue. There are three partners and fourteen staff. One Partner is retirement age, the second Partner can retire now or stay on for a few years. The third Partner would like to remain with the firm for another decade. The Sellers believe that the staff will continue with the new owner. The Sellers are very willing to assist in transitioning the clients and staff to a new owner to aid in the continued success of the firm.
