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-Sole practitioner CPA in North Central area of San Antonio-Stable year-to-year revenues-78% Tax Preparation (67% Individual; 26% Business; 7% Other); 16% Bookkeeping/PR &Sales Tax Reporting; 6% various Consulting engagements-Discretionary Cashflow to Owner is close to 88%-Tax Software - Drake; Accounting Software - Client Ledger System and Quickbooks-Practitioner’s spouse performs Bookkeeping function and prepare some tax returns-The practice is operated out of a home office-Owner is looking forward to retirement after a long, successful career but anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention More info
-Single-owner EA tax practice in NE San Antonio -Owner Discretionary Cashflow presently of 40%; can be increased to over 65% by elimination of duplicate expenses if buyer merges this practice into an existing one -370 tax returns were prepared - 320 individual and 20 business -Average 10% revenue growth the past two years ? Software used is Intuit ProSeries -Employees are retiring so replacing them may be necessary -Office lease is on a month-to-month basis which can be assumed -Owner is looking forward to retirement after a long, successful career but anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention More info
The CPA seller of this north San Antonio tax practice is looking to sell a portion of the business to reduce workload and is seeking a CPA buyer. The revenue stream has a strong fee structure. The clients are tech savvy with a high ability to submit documents electronically and communicate largely by email and phone. Seller is seeking a buyer that can work locally with the client base. Revenue breakdown:• 45% income tax preparation services for individuals• 55% income tax preparation services for business clients More info
? Sole Practitioner CPA tax and limited accounting services practice.? Located in the vibrant north central area of San Antonio with excellent potential for practice growth.? 2017 revenues were $771K but a significant client is selling their business in 2018 resulting in the expected revenue decline. There will be 98 individual tax returns, 24 C/S Corp returns, 148 Partnerships, 38 Trusts and 177 Franchise tax returns to be prepared. The remaining revenue is from 6 compilations and 3 quarterly payroll tax reporting’s. ? Professional office space is available, and likely can be assumed by buyer for at least the next one or two tax seasons to facilitate client retention. ? Pro Series tax More info
Bookkeeping (2/3rd's) and Tax Services (1/3rd) for San Antonio families for over 30 years under current ownership; includes generations of family members. Great opportunity for expanding an existing practice. More info