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Buy 1/3 of thriving CPA practice for $400,000. Owners are approaching retirement and want to work fewer hours especially during tax season-a phase out. Two partners have worked together since 1988. New clients by referral only. Strong loyalty by clients. Mostly small business clients approximately 60%-70% of practice including related tax work. Challenge 1 partner is very entrepreneurial other is more grounded and manages bookkeeping/compilation accounts. Both partners do taxes. 2 largest clients comprise about 6% of income. Entrepreneurial partner takes 3 to 4 months off after tax season other partner takes 1 to 2 weeks off after tax season. No audits and few reviews. More info
PRACTICE FACT SHEET: Denver, COSupplied by New Clients, Inc.Purchase Price: $2.1 Million - Financing available to qualified applicants. Various programs available. Call for details.Net Profit: $752,153Year Established: 2008ACCOUNTING, BOOKKEEPING, COMPILATIONSAnnual Clients: 2 Income Tax:Individuals: 300 Businesses: 300 Total: $1,456,716Total Gross Income: $1,456,716Computer Software: CCH Prosystem global fx (online Prosystem), CCH trial balance, CCH Practice Management for time and billing, QuickBooks to accept client records, Egnyte for internet storage.Description of Area: Denver metro.Description of clientele: Very More info
? Sole-owner CPA practice in SE Denver? Very strong year-over-year growth for several years? 99+% Tax Preparation (42% Individual; 58% Business); <1% Accounting Services? Average fee for 1040’s is $1,600; for business returns, $2,800? Accrual basis net to owner over 56%; ? CCH Tax software and QuickBooks for accounting? Four professional staff and one administrative support employee? Office space is in class A building, very professionally appointed with majestic mountain views? Owner is looking forward to change in quality of life and eventual retirement but anticipates assisting buyer through an appropriate transition period (possibly longer term should the buyer desire a gradual More info
? Sole-owner CPA practice? Well established practice with stable client base. Excellent year-over-year growth and strong referral system? 99% Tax Preparation (51% Individual; 46% Business; 3% Fiduciary)? Cash flow to owner is 45%+ with potential to increase significantly first year of operations post sale and beyond? Practice utilizes CCH ProFX, Quickbooks and Office 365? Two full-time, one part-time professional staff plus one administrative employee? Offices are leased with space available to grow, absorb a small practice or sub-let? Owner is looking forward to a change in work-life balance? Owner anticipates assisting buyer through an appropriate transition period to maximize knowledge More info