WELL-ESTABLISHED & OPPORTUNITY-RICH CPA PRACTICE IN TAMPA BAY AREA

About This Practice

This is a well-established CPA practice with an excellent reputation and great location. The practice offers a well-rounded complementary set of services including personal tax, bookkeeping, business tax, consulting, and payroll. The owner has maintained an ideal client portfolio full of industry-diverse, and loyal clientele. The long- term staff (all are over 4 or more years) are client-facing. They are often complimented by clients for their quality work and personable service. The practice has earned a strong local reputation for their services. Operations are refined, workflow is effective, and roles/responsibilities are well-defined. The current owner has curated an amazing staff who are dedicated and the clients love the personal and professional touch they receive.

Owner is selective about which clients they take.  Revenue growth has been outstanding with an increase of 22% from 2021 to 2022! The office is appreciated by staff and clients alike and is located in an excellent part of the city amongst vibrant small business within a commercial area.  2023 projected revenue is $1,125,000.

Highlights include:

• 80% Paperless
• Incredible reputation and over 100 five star google reviews
• Over 5 incredible staff, all over 4 years tenure
• Loyal and long-term clients, Many over 15+ years
• Low client attrition

Ideal Buyer:

The ideal Buyer will be a well-experienced CPA

This is an excellent opportunity for many buyer scenarios including an existing practice owner looking to add great staff and ideal clients. The ideal buyer should have strong tax experience, ideally in Big 4 and at least 10 years’ experience  leading a team and building long lasting client relationships.  Clients and staff are familiar with a ‘professional casual’ environment; the right-fit Buyer will have the qualities that will continue to foster this type of setting and approach. The owner and practice provide excellent service, communication, and timely work; a Buyer who provides these same approaches will relate well to clients and staff who are familiar with the same. The owner provides autonomy to their capable staff while at the same time welcomes collaborative work.  The ideal Buyer will recognize the strength of the team and each staff member. This is an ideal opportunity for several buyer structures including a growth-minded partnership, a one-owner, or an expansion of an existing practice. The ideal Buyer will see the value in the practice – the strong team, the ideal clients, the excellent location, the great future growth opportunities; this is an excellent chance to acquire an excellent practice!