$540,000 Revenue Austin, TX “Virtual Ready” Tax & Accounting Practice
Business Description
Overview
ABA Advisors represents this lucrative, virtual tax and accounting practice located in the Austin, Texas area. Although most of the business consists of personal and corporate tax work, 26% is on monthly retainers. “Other services” represent 11% of the gross revenue. The seller offers to remain working up to 30 hours a week, no more than 24 months post-closing to ensure a smooth transition and high client retention. Seller requires the buyer to be a CPA or EA.
The Practice
While this is not currently a virtual practice, because 96% of the firm is now paperless, and only 4% drop off their paperwork, the seller believes over time, this could be converted to a virtual firm. The practice was founded in 2000. The seller began by reaching out to colleagues and contacts from the Austin, Texas area and grew the business organically at a steady pace. Today, the staff handles all of the preparation work, which allows the seller to focus on client relationships, tax planning, final reviews, and ongoing communications. The firm has experienced consistent revenue growth over the years. The client base is very diversified and all sign engagement letters.
Business ID: TX-2118
ABA Advisors represents this lucrative, virtual tax and accounting practice located in the Austin, Texas area. Although most of the business consists of personal and corporate tax work, 26% is on monthly retainers. “Other services” represent 11% of the gross revenue. The seller offers to remain working up to 30 hours a week, no more than 24 months post-closing to ensure a smooth transition and high client retention. Seller requires the buyer to be a CPA or EA.
The Practice
While this is not currently a virtual practice, because 96% of the firm is now paperless, and only 4% drop off their paperwork, the seller believes over time, this could be converted to a virtual firm. The practice was founded in 2000. The seller began by reaching out to colleagues and contacts from the Austin, Texas area and grew the business organically at a steady pace. Today, the staff handles all of the preparation work, which allows the seller to focus on client relationships, tax planning, final reviews, and ongoing communications. The firm has experienced consistent revenue growth over the years. The client base is very diversified and all sign engagement letters.
Business ID: TX-2118
About the Sale
- Seller Motivation
- Owner selling firm as they wish to retire; however, they are willing to remain w
- Transition Support
- Seller is willing to stay for up to 24 months post closing - working no more than an avg of 20-30 hours weekly
Listing Info
- ID
- 2410896
- Listing Views
Listing ID: 2410896 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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