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Accounting & Tax Practices
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Sunshine State CPA Accounting Firm fast growing and wealthy area!

Florida, United States
Asking Price$1.40m
Revenue$1.28m
EBITDA$265k
Cash Flow$339k
Description
Successful and growing CPA firm that does 40% income tax and 60% write-up and accounting-related work. A wide range of corporate, non-profit, and individuals served as clients. Exceptional reputation. The team is cross-trained and each client has a relationship with three employees. Recurring revenue with very high client retention. No active marketing as business is boom and reputation is stellar so they are very selective about adding clients. Modern accounting software including CCH and other tools. Significant untapped potential is limited by the principal's desire to retire soon. Well-established brand reputation and foundation for a new owner to double or triple the business over the next five years. The seller is willing to stay on for up to a year for a smooth transition with plenty of time to train and transition relationships. Some possibility of the owner staying on to do limited contract work after that first year. Important Update: The firm just implemented a price increase on Dec 1st projected to increase annual revenue by $250,000 for 2025 with no expense increase. Buyers are required to provide proof of financial ability, relevant experience, and credentials. Requirements: 1. The buyer must live in the community where the practice is located. 2. Buyer must have a CPA license and own at least 51%
Furniture Fixtures & Equipment
$15k
Number of EmployeesFull-Time: 9
Year Established
2013
Reason Selling
Owner is nearing retirement and would like to slow down.
Facilities & Assets
Approximately 1900 sq ft with multiple offices and employees working in the office and virtually.
Support & Training
The owner is flexible and willing to stay on for up to one year to support the training and transition of client relationships.
Market & Competition
The business is thriving! They turn away business regularly and have a wait list of potential clients. Since the plan is to retire owner has been resisting the growth, but the opportunity is ripe for someone motivated and ready to double the practice size.
Growth Opportunities
Strong demand for their services with an excellent reputation as the CPA firm of choice. Serving wealthy individuals, companies, and non-profits in this dynamic and fast-growing beach town. Presently they do not provide any audit services so this would be an area of growth in addition to taking on the prospective clients on their wait list.
Financing Options
Excellent and clean financials will qualify for SBA loan.
Asking Price$1.40m