Austin CPA Firm with 50% Cash Flow and High Fees!

Designation:	CPA Firm
Location:	Texas
Status:	SOLD
Listing ID:	TX2004
Asking:	$1,699,000
Annual Gross:	$1,354,466
Reason for Selling:	Retirement

Request Full Profile

About This Practice

This established firm has an exceptional reputation within the community for its integrity, dependability, and responsiveness as it has been in business for several decades. This single owner firm has built its strong reputation by providing clients with the best service to local individuals and businesses for many 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 partially remote team. 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 ample space for additional employees as the firm continues to grow.

Highlights:

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

Ideal Buyer

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.

Request Full Profile

About the Area

Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County. Austin was ranked No. 14 on Forbes’ list of the Best Places for Business and Careers (directly below Dallas, No. 13 on the list). It is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, the second-most-populous state capital city. It has been one of the fastest growing large cities in the United States since 2010. Emerging from a strong economic focus on government and education, since the 1990s, Austin has become a center for technology and business. BAE Systems, IBM, and NXP Semiconductors still have campuses and manufacturing operations in Austin as of 2022. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook (Meta), Google, IBM, Intel, NXP Semiconductors, Oracle, Tesla, Texas Instruments, and Whole Foods Market.

Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S., with over 50,000 students. The Greater Austin metropolitan statistical area had a gross domestic product (GDP) of $86 billion in 2010. Austin is considered to be a major center for high tech. Thousands of graduates each year from the engineering and computer science programs at the University of Texas at Austin provide a steady source of employees that help to fuel Austin’s technology and defense industry sectors. The region’s rapid growth has led Forbes to rank the Austin metropolitan area number one among all big cities for jobs for 2012 in their annual survey and WSJ to rank the area number one for growing businesses.

Find Practices For Sale

Browse our current listings based on the qualities important to you:

Don’t see what you're looking for? Let us know. We'll contact you when listings that fit your criteria come along.