The practice consists of primarily Tax Clients; The 2024 Revenue for the Tax Clients was approximately 70% ($140,000+). The 2024 Revenue for the Corporate Clients for which the firm performs Monthly, Quarterly, or Annual Write-up and Bookkeeping services was approximately 30% ($60,000+).
This practice is perfect for a CPA that wants to locate to the area or as a bolt-on acquisition. Fiscal Year 2024 Seller’s Discretionary Earnings shown as $78,125. Business can be taken without the Lease and SDE would go up $10,465 (actual 2024 rent paid) plus other associated costs such as Office Liability Insurance, Office Cleaning, Telephone, and Internet Expenses (2024 these aggregate costs were approximately $4,000).
Administrative Assistant/Bookkeeper who knows the clients and performs basic administrative duties as well as monthly bookkeeping services for corporate clients can stay or go as you like. The assistant is happy to stay working in the office or from home in her home office. Although the CPA wishes to retire, she is happy to stay to assist with the transition through the next year’s tax season, compensation to be negotiated.
This business has potential for growth. Seller agrees to pass on any new client referrals as they are received post sale.
You have the flexibility as the Buyer as to just how you would like to start or add this operation to your business.
