About This Practice
This is a well-established CPA firm that is distinguished by its commitment to fostering meaningful client relationships and its dedicated, long-term team (several over 10 or more years). Revenue is made up of 50% compilations and 33% tax and the remainder are bookkeeping and reviews. The seasoned staff work collaboratively, and are known for their expertise. They are exceptionally hard-working. The office has a great team atmosphere with a client-centered focus on service and relationships. Staff does much of the admin work and are highly trusted by the owner. The firm has been built on a dedication to customer service and quality work.
Clients are very appreciative of the firm’s professionalism and personable approach. Catering to small and medium-sized corporations, individuals, and estates, the firm embodies a holistic approach to accounting. Client attrition is very low, due to exceptionally high customer loyalty. The practice has been built entirely through referrals; no marketing has been done. The team always excels at reaching the owner’s high standard for the quality of work and service. This is a close team that truly enjoys working together.
- Opportunity to expand the tax planning and consulting services
- Revenues are consistent and dependable
- Many clients have been with the firm over 20+ years
- Low client attrition
- Projected annual revenue is $635,000
A seasoned individual or firm boasting 7-10 years of specialized tax expertise stands poised for remarkable success. The ideal buyer would be a CPA with 7-10 years of public practice experience. An individual or a firm would benefit from experience with estate work, financial compilations and tax returns. The buyer would need to be personable and have very good relationship skills. The buyer will recognize the strength and independence of the staff. Many clients are long-term and have expectations of personalized service. Experience in leading a team and building long lasting client relationships will ensure the buyer’s great success. The ideal buyer will be experienced in the overall management of a practice and team. This is an ideal opportunity for several buyer structures including a growth-minded partnership, a one-owner, or an expansion of an existing practice. With an established track record of success and a proven ability to build lasting client relationships, the growth potential is vast and perfect for a savvy buyer.
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