Growing CPA Firm (North Phoenix)

Phoenix, AZ (Maricopa County)

Seller Financing Available
Growing CPA Firm (North Phoenix)

Asking Price:$410,550

Cash Flow:$172,314

Gross Revenue:$357,000

EBITDA:N/A

FF&E:$10,000

Inventory:N/A

Established:1979

Growing CPA Firm (North Phoenix)

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Business Description

Growing CPA firm - Phoenix Arizona

Long standing and growing CPA firm available for purchase in North Phoenix, Arizona. The firm is almost entirely tax with low levels of write-up work and payroll. Returns have a nice margin and there is an industry niche that has continued to supply the firm with annual growth options. With little or no advertising this firm just keeps growing each year despite the normal attrition seen in firms.

The practice is available with or without any tie to real estate and so can be consolidated into an existing facility within reason. The building can also be leased or purchased should a buyer want to pursue this option.

The current owner would like to stay with the buying firm to complete the transition and ensure the buyer is fully familiar with its niche and clients. He can stay for years to come and desires to work during tax seasons in the future for this firm.

Cash flow stated above was for the full year 2015 and revenue is from a 2016 forecast.

Detailed Information

Inventory:
Included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The practice is being offered with or without its current facilities. The current owner owns the real estate and will sell the building, lease the space or sell the practice without any tie to the real estate. Consolidators may relocate the practice to existing infrastructure. The facility is approximately 2,300 and is currently zoned residential. This is not the principals home, it has the security, office set up for employees and all of the other infrastructure that a commercially zoned office has. There are multiple offices, a bull pen style open space for employees, a reception area, two bathrooms, and plenty of storage space and parking.
Competition:
There is plenty of competition for taxes but a strong industry niche keeps this firm growing without advertising. Customer referrals from existing clients and from the existing niche is an ongoing source of new business.
Financing:
20% Seller Financing for Qualified Buyers
Support & Training:
Seller will provide 30 days familiarization but hopes to stay with the buying firm to do taxes, planning and review for the foreseeable future. There are transitional advantages to do so, and the seller wants to help with the transition and earn some additional income in his retirement. Part-time/full time during tax season with plenty of time off outside of tax season is the sellers ultimate hope.
Reason for Selling:
Beginning the retirement process

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Ryan Gipple

Business Listed By:
Ryan Gipple

West USA

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Memberships & Certifications:
Indicates membership in The Arizona Business Brokers Association (AZBBA).

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