About This Practice
This established firm has an exceptional reputation within the community for its integrity, dependability, and responsiveness for over 40 years. This single owner firm has built its strong reputation by providing clients with the best service to local individuals and businesses for over 40 years. This is a rare opportunity to own an incredible firm with great cash flow, outstanding reputation and reliable staff. Buyers looking for great staff will see the value in the 9 hardworking employees, including 4 remote employees. The firm focuses on individual and business tax work and is selective with new clients. Provided services include a mix of 54% partnership and corporate tax, 42% personal tax, 4% estate and trust. The firm does no reviews, compilations, audits, or other attest work.
Cash flow to owner is over 50% – which is uncommon for a firm this size!
The client portfolio consists of a number of high-net-worth clients in a broad range of industries with a large portion in real estate and service industries. Reputation and referrals built the practice. The building is located in an affluent area with many attractions, businesses and restaurants. The office has 6 offices and room for additional employees as the firm continues to grow.
- Highly profitable with 50% + cash flows (2021 cash flow to owner was $686,333)
- Consistent revenue growth
- High client retention rate, with incredible reputation for service and quality work
- Most clients have been with the company for 10 + years
A buyer will be a CPA who is technically competent in tax and accounting. The ideal buyer will have strong communication and high-level interpersonal skills. They will listen to their clients well and interpret their comments. This firm has been built on customer service and quality work – a buyer will want to provide excellent client service to maintain the long-term relationships. Experience in leading and growing a high-performing team would ensure the buyer’s greatest success. A buyer looking for a firm with a great location, excellent cash flow, long term clients, and solid employees will want to grab this opportunity quickly.
Integrity and a strong work ethic will be key attributes to sustain the growth of this firm. Several growth opportunities exist for an incoming Buyer with their current client base. This is an excellent opportunity for several buyer scenarios in a high growth, desirable market.
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