Gross Revenue - $900,000
Sellers Discretionary Earnings (SDE) - $572,000
Asking Price - $1,650,000
Established in 1988, this virtual CPA practice presents an attractive acquisition opportunity for an accounting firm or individual practitioner seeking to expand an established tax practice with a diverse base of individual and business clients.
The practice has been operated by a CPA with extensive professional credentials and maintains a client base consisting primarily of small businesses, corporations, partnerships, individuals and trusts. The practice also provides payroll compliance services.
The owner is pursuing a semi-retirement transition, creating an opportunity for a successor to acquire an established practice and build upon its existing client relationships.
Key Highlights
Established in 1988
Approximately $900,000 in annual gross revenue
$1,650,000 asking price, representing 1.5x gross revenue
Virtual operating model
Established individual and business client base
Approximately 417 individual tax clients
Approximately 300 business clients
Approximately 43 trust/other clients
Average individual tax fee of approximately $1,120
Seller willing to stay on for a few years and one key employee to stay long term.
For more information please complete the NDA and Buyer Profile
Ad#:2552413
