About This Practice
This 4-partner firm has always put their clients’ needs and future first which is reflected in their reputation within the community. Three out of four owners want to stay on as employees for the right buyer. The partner retiring owns the majority stake.
This forward-thinking practice is a full-service CPA firm made up of clients from a broad range of industries. These clients are mostly high-net worth and pay substantial fees. Many of the clients are long-term. This firm is fully staffed with several highly competent, caring and independent employees who have built long lasting relationships with their clients. The majority of the staff has been with the firm for over 15 years. There has been very little turnover.
The practice has earned a strong reputation for quality work as they genuinely care for their clients. This reputation continues to generate referrals and regular new client inquiries. With a full and competent staff and highly sought out client base, this firm won’t last long on the market!
- 3 partners willing to stay as employees
- Cash Flow to owner approx. 38% or roughly $1,350,000
- Very little employee turnover; Several competent employees
- High net worth clients across multiple generations
- Firm offers wide range of tax services
The ideal buyer must be a CPA and have at least 7-10 years of experience in tax and estate planning. A buyer who is client focused and provides a high-level of service would fit well with this firm. The buyer would ideally keep the current office space as it is in a great location that staff and clients are already familiar with. The buyer must have the capacity to take over clients for one of the partners. Buyers will need to be competent in a variety of services and continue to foster the strong client relationships. This is a rare and excellent opportunity for many buyer scenarios including an established practice looking to onboard a desirable client base and a strong team. This firm would also be a good fit for a buyer looking to move into ownership and begin with a well-established turn-key practice with excellent growth opportunities.
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