El Paso County, CO Accounting Businesses and Tax Practices For Sale

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Accounting, Tax & Business Consulting Firm - Colorado SpringsHigh Growth Accounting, Tax, Bookkeeping and Business Consulting Firm
$2,100,000Cash Flow: $600,000Seller Financing
Accounting, Tax & Business Consulting Firm - Colorado SpringsHigh Growth Accounting, Tax, Bookkeeping and Business Consulting Firm

Colorado Springs, CO

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 Model For 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 CPAs and a focused growth and profitability framework to help drive significant growth into the future.

Colorado Springs, CO CPA Practice For Sale
Colorado Springs, CO CPA Practice For Sale

Colorado Springs, CO

? 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 costs ? Practice utilizes Pro Systems and QuickBooks software platforms ? Seven full-time professional tax preparer staff members; 4 bookkeeping staff members; 2 administrative staff members plus seasonal tax season members get the work out ? Leased office suite in great NW location with just over a year left on the current lease ? Owner is looking to future retirement after long, successful career but wishes to assist buyer through an appropriate transition period to maximize client knowledge transfer and retention

Colorado Springs, CO Tax & Write Up Clients For Sale
Colorado Springs, CO Tax & Write Up Clients For Sale

Colorado Springs, CO

- 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


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