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Listing Number Location Annual Gross Asking Price Status
IL1086 West Central IL $207,000 $225,000 New

Description:

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.

To obtain additional information on this practice go to Request More Information and register with broker. You can also be placed on a free listing notification list. Not all information is included above due to confidentiality concerns. The information is provided by sellers and has not been audited or verified by Accounting Practice Sales, Inc. or any of its independent brokers. Buyers are responsible for their own due diligence before buying any practice. Buying and operating a tax or accounting practice involves a certain amount of risk and requires business experience and professional skills.

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