Listing Number Location Annual Gross Asking Price Status
WI1037 Racine County $213,000 $235,000 Sold

Description:

Growing CPA Accounting and Tax Firm is seeking a “Buy in Partner” to replace the Selling Partner who is leaving the state for business reasons. Practice  is located in a well equipped office building in growing city with easy access and parking.   Recent $100,000 Office Build Out including Furniture and Equipment.  Remaining Partner committed to continued growth of the Practice.  Total Gross Revenue for 2008 was $425,000.  May YTD up 8%.  Selling Partner asking $235k for 1/2 of the Practice Ownership. Revenue Breakdown:  27% Personal Tax Preparation, 14% Business Tax Preparation, 59% Monthly and Quarterly Accounting and other Business Services. No Audits.  Owners currently work 1700 hours annually yet generate an above average owner cash flow at 41% of Gross Revenue. Leasing 2100 square feet with 6 offices/rooms and reception area.  Easy access and parking for clients.  Lease is assumable.

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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