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Established in 1987 has established a leading reputation in the Colorado Springs market. They have also developed systems to handle the accounting, tax and consulting needs of clients located across the U.S./ Unique Operating ModelFor the past three years this firm has incorporated the business operating and marketing principles of Panalitix, a leading global advisor to the accounting industry. Panalitix’s solutions and advisors have helped this firm significantly grow revenue, expand their services into business consulting, and have improved operational efficiency and effectiveness.This firm now has 3 off-shore professionals, 2 are CPAs and a focused growth and profitability framework to More info
? Sole-owner tax and accounting CPA practice in vibrant Colorado Springs, CO (just named the best city in the USA in which to live)? Very stable, strong revenue stream with modest growth the past few years? Tax return preparation services are approximately 64% Individual returns, 32% Business returns and 4% Fiduciary returns? Just over 200 accounting services relationships including write-up, payroll and sales tax returns, accounts payable processing and monthly or quarterly compilations? Cash flow to owner before potentially duplicate expenses is 29% of gross revenue with potential for improvement with restructuring and/or consolidation with another practice to achieve efficiencies of More info
- Successful CPA firm looking to sell a portion of its client list - All clients being sold are accustomed to online service delivery using Quickbooks Online and video meetings, screen sharing etc. - Seller business model has changed to focus on project-based tax planning clients rather than monthly service clients- 23 client relationships averaging over $7,000 per relationship- Most are S Corporations & related individuals (90%); plus a few C Corporations (6%); and individuals (4%)- 18 of the 23 relationships provide monthly revenue stream which averages nearly $13,000 per month.- Tax software is Ultratax More info
ABA Advisors represents this CPA practice located in Colorado Springs, CO. The seller is willing to provide transitional assistance to the buyer to help ensure client retention.The practice has a nice mix of individual tax and business clients. Average fees are solid for a practice of this size and should net more than 60% to the Buyer that purchases the business. More info