CPA Firm Tucson For Sale - Turn-Key

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Turn-Key CPA Firm - Tucson, AZ (2 Transferring CPA's)
Asking Price:
$399,375

Gross Revenue:
$378,229
Cash Flow:
$188,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$7,000
included in asking price

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Business Description

This is a tax and tax consulting practice with no bookkeeping, payroll or attest work. It has a well diversified client base with no concentration and excellent clients that pay. The firm has a strong cash flow margin of 50% and very strong return pricing. Average individual returns in 2019 were $1,144 per return and S-Corp returns averaged $1,900 per return. Perhaps the most exciting part is that the staff will all transfer including the principal. With two transferring CPAs and an office manager, there is ample staff to fulfill the production without any new employees for years to come. This kind of a buy is perfect for a consolidator looking to get into Tucson or could also be a younger CPA that needs some mentoring and everything in between. This also allows new buyers to work "on" the firm instead of "in" the firm while still collecting a lucrative cash flow. The firm is 1 year into a 3 year lease. The cash flow represented incorporates all of the salaries of the transferring staff and is discretionary cash to owner before the buyers salary and debt service.

About the Business

Location:
Tucson, Arizona
Year Established:
1982
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$2,565.00 Per Month
Lease Expiration:
12/31/2020
Facilities:
The leased facilities are located in North/Central Tucson and contain more than enough space to house the firm with room for growth. There are 5 offices, an open reception area, a "bull pen" area for additional staff and a utility room that is used to work on tax returns and administrative functions. The lease is $2.565 per month and is one year into a 3 year lease. The lease is assumable with landlord consent.
Market Outlook/
Competition:
The Tucson market has plenty of competition but the owner indicated there is plenty of growth available. He is selective in who he allows into the firm as clients and he has not attempted to grow the firm in years.
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About the Sale

Reason For Selling:
Doesn't want the administration of ownership. Simplifying life.
Training/Support:
The principal will familiarize the new buyer with the firm and wants to remain on indefinitely as a producing CPA employee. There will be plenty of opportunity for familiarization and the owner is happy to provide mentoring and coaching if the buyer lacks experience. With all staff staying, retention should be very high!
Seller Financing:
Seller will carry up to 30% for qualified buyers

Listing Info

ID:
1630780
Ad Detail Views:
930

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Business Listed by

Ryan Gipple

West USA
License# SA627906000

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