||North Central Iowa
This well-established and growing CPA tax & accounting practice in North Central Iowas has been servicing clients in and around the area for nearly fifteen years. The gross revenues for 2011 totaled over $223,000 and 2012 numbers are targeted to meet or exceed that amount. The profitability is a solid 40%+ and the owner has only been working around 1,600 hours annually for the past few years.
The practice has an excellent fee structure along with a niche of agriculture clientele which can be disclosed during a meeting with the owner. Approximately two thirds of the practice is tax work derived from only 250 individuals and 55 business/other returns. The balance consists of 7 monthly/annual bookkeeping clients and various accounting, 1099, W-2, and QuickBooks setup/training revenues. This would be a great turn-key operation for a CPA looking to own their own practice the easy way or for a nearby firm to pick up extra clientele or expand to the area.
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