CPA Practice with Recurring Monthly Revenues

Not Disclosed, ID


Asking Price: Annual Revenue:
$499,000 $607,445

Services: Financial, Accounting, Insurance


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RE: CPA Practice with Recurring Monthly Revenues Broker: Ken Bohenek

Quick Facts

Asking Price: $499,000
Annual Revenue: $607,445
Net Profit: Not Disclosed
Cash Flow: $351,264
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 1948
Employees: 4
BBN Listing #: 51134955
Broker Reference #: 8306-16518

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Business Overview:

Long established firm with monthly recurring revenue, not solely dependent upon tax season revenues. Stable and predictable historical revenues. Growth opportunities abound with an energetic acquirer. 45 days of transition time included in purchase price. Owner willing to provide additional support to ensure the highest level of success.

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Property Features and Assets:

Located in the same recognizable office building for many years with adequate parking and room to expand. Relocation opportunities are available if desired. Assets = $5,000.

Market Competition and Expansion:

Industry is forecasted for continued expansion. IBISWorld Reports: "The Accounting Services industry is expected to continue to experience strong demand over the five years to 2026 as overall business activity improves following the COVID-19 (coronavirus) pandemic and subsequent recession". Current work loads have been comfortable, therefore the firm hasn't been aggressive in growth. Advertising would bring in more clientele. Adjustment to fee structure. Summer workload could increase easily with adding additional monthly clients, expand payroll services and local audits.

Reason for Selling:

Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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