This is a well-established, four-decade tax and accounting practice located close to Youngstown. The firm is thriving; however, the owner is retirement age and wishes to sell. The firm is on track to generate revenue of $465,000 in 2023 with SDE of nearly $185,000. Business tax and accounting services make up almost 80% of revenue with much of it as monthly or quarterly accounting work. Concentration is low with no single client representing over 10% of Revenue. The staff is in place with one other well-qualified CPA plus an experienced Office Manager and Receptionist. Staff are aware of the sale and are likely to continue with a new owner. This practice is a perfect opportunity for a CPA to strike out on their own or it could also be a great addition to an existing firm looking to take the firm into its next chapter of growth.
- Asking Price:
- $520,000
- Sales Revenue:
- $465,000
- Cash Flow:
- $185,000
Business Operation
- Reasons for selling:
-
Retirement Age
- Employees:
- 3
- Years established:
- 1980
Other Information
- Support & training:
-
The seller is very willing to assist the Buyer in smoothly transitioning clients and is open to discussing part-time contract work up to 30 hours per week at a discounted rate for 2024 and beyond.
