||380 Corridor Partnership
Partnership or Merger Opportunity:
This well established CPA Partnership / Merger Opportunity produces annual revenues of approximately $733,000. The practice is made up primarily of tax work for individuals (40%) and businesses (14%). However they also have a solid following of several dozen business clients for which they provide accounting (10%) and/or payroll & consulting services (12%) along with the balance comprised of attestation and review services (24%) primarily for non-profit agencies. The practice produces very high cash flow for both partners of over 25% each.
The non-exiting CPA owner is the audit manager. The purchasing individual or firm would become a 50% partner with this individual. This partner along with the other two long-term CPA's who will be staying on with the business, this should provide for a smooth and healthy transition with optimal client retention.
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