Our monthly team meeting in August was used to review [...]
- Engagement Number: 2594
- Title: Accounting Firm - Income Tax, Bookkeeping, & Payroll Services
- Location: Northern Wisconsin
- Asking Price: $360,000
- Gross Sales: $245,000
- SDE: $180,000
- Real Estate:
- Industry: Financial Services
Opportunity to acquire a full year-round revenue producer providing many different accounting services, boasts annual income of $245,000 and owner’s annual earnings average of about $180,000.
This is a very long-established accounting practice with about 150 loyal clients. For over 27 years, this CPA firm has built an excellent reputation with both small businesses and individuals.
The industry trend for accounting practices is very good as there is a shortage of CPA’s and accountants while the industry has posted solid growth. CPA practices are popular for buyers looking to begin owning a new practice of their own and for those buyers looking to build a larger practice overnight. Presently in the market, there’s a very low supply of quality practices like this for sale, especially with little competition.
The time has come for the owner to initiate an exit plan towards retirement, and so this exceptional opportunity is now for sale. The Seller is committed to the future success of this business with a new owner and is prepared to agree to a transition agreement for ensuring client retention and the successful perpetuity of the business.
The Seller turns down new clients weekly due to not been accepting new business as the Seller wants to slow down. A new owner could grow the business significantly by accepting new clients, putting up the website, memberships to the local Chambers of Commerce, and calls to local law firms letting them know of availability would drive more business.
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