About This Practice
This is an established CPA firm for small businesses and individuals. Business services account for about 50% of the practice and include compilations and some bookkeeping. The other half of the practice is individual tax and a small amount of estate work. No reviews or audits. The practice is known for its accuracy, responsiveness, and attention to detail. Its loyal clients give quality referrals.
Revenue is stable and the firm has very good cash flow to owner of 50%. Excellent billing and payment track record with clients paying on time. Owner hours are low and the owner enjoys a balanced schedule with flexible time off. This CPA firm has hard-working and capable staff. The office has a friendly and casual environment while maintaining a professional atmosphere. There is a good division of work. Task responsibilities are clear and regular meetings ensure that work is completed in a timely manner.
Client confidence is high. Industries include consultants, professionals, investment companies, trades and construction. No particularly large clients and the client age range is broad. Clients appreciate the attention to detail and that their accounting needs are managed for them. The practice provides personalized service to a loyal client base.
Ideal buyer
The ideal buyer will be a CPA with good tax knowledge and experience. Someone with strong interpersonal skills who can interact well with clients and staff is essential. A buyer who is willing to provide excellent client service in terms of responsiveness and quality will do well in this practice. This would be a great book to add to an existing business or an excellent start for an experienced CPA who wants to operate their own firm.
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