Listing Number Location Annual Gross Asking Price Status
IL1111 Rockford $695,000 $750,000 Sold

Description:

This well-established CPA practice, for sale in Rockford, IL has annual gross revenues of approximately $695,000. The practice has a strong fee structure and produces solid cash flow to owner of around 40% of gross. Revenues consist predominately of tax preparation services (74%) but there is also a nice mix of other services such as audits/reviews (18%) and monthly accounting work (8%) to provide year round income. The high-quality, loyal client base including many desirable businesses should lend itself to expansion of services and continued growth through referrals.
This practice would be the perfect sized, turn-key opportunity for an experienced CPA ready to step into full-time practice ownership or a profitable addition to an established firm seeking expansion in this area. Additionally, the owner is extremely flexible with regards to a transition period and has expressed their willingness to work with the buyer over the course of a few months, or years, if desired.

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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