About This Practice
This is an established CPA practice with consistent profit (~50%), and an immediate readiness for strong growth. The owner has refined the practice, team, and operations to be future-focused and highly scalable. The current service mix includes corporate and personal tax, compilations, tax advisory, bookkeeping/payroll, and minor estate work. The owner oversees the overall operations of the practice while maintaining a focus on business development. Owner hours are low, allowing a Buyer to continue to focus on ongoing business development/strategy and/or higher-level work. A strong management team handles the day-to-day operations and production management. Staff are well-trained and highly capable in their roles.
The client portfolio is well-balanced and industry diverse. The full-service approach of the practice allows the onboarding of small businesses who may only need bookkeeping initially, and then grow into further services that the practice provides. Operations is one of the most key qualities of this practice. The practice has been refined and positioned for growth and profit. Operational systems and workflow have been optimized to create efficiency, accuracy, and consistency. The practice is well located in a vibrant small business region, and has the ability to service remotely making the potential client pool infinite. Further, the practice offers many future opportunities including the option to add in aligning services, leverage the scalability through additional marketing, and move even further toward full cloud operation. This is an extraordinary opportunity for a tactical Buyer who’s ready to take this turn-key practice well into the future. Do not delay on inquiring.
Ideal Buyer
There are many ideal Buyer scenarios for this practice. In general however, any Buyer will:
- Be a CPA. **CPA ownership is required for a CPA practice;
- Want to have relatable experience in the services currently offered by the practice;
- Have sound general business knowledge;
- Will be growth-oriented, and experienced in leading an expanding business and a team.
Growth & Development Mindset: The practice has been built to be a growth practice and is ideally suited to a growth-minded Buyer. A Buyer who thrives on business development strategy and implementation will be well-suited to take advantage of the readiness and capability of this practice.
Progressive Acumen: The Buyer will be future-focused, open to technologies and operational strategies that produce proven results. Equally, the ideal Buyer will be an innovative thinker, one who continually seeks out opportunities to be a leader in the industry.
This is an extraordinary opportunity for a tactical Buyer who’s ready to take this turn-key practice well into the future.
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