||West Central IL
This CPA practice for sale in West Central Illinois has annual revenues of $207,000. The practice has a well-established client base composed of many full-service business clients in addition to individual tax clients. Approximately 75% of the revenues are derived from tax preparation and 25% from monthly, quarterly and annual accounting services. This profitable practice has a solid fee structure and low overhead to produce cash flow to owner of more than 50% of gross. There is a long-term bookkeeper and a seasonal tax preparer in place to provide continuity and assist in transition. There is also some growth potential in the area, about which the seller would be happy to elaborate, and the possibility for an immediate boost in revenues from a modest fee increase next tax season.
This practice presents the ideal opportunity for an individual to move to a quiet, rural setting, raise a family, and earn a six-figure income. It could otherwise be purchased and operated as a satellite office of a nearby firm that has the resources and staff capacity to take on the additional work.
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