Listing Number Location Annual Gross Asking Price Status
CT1023 Litchfield County (CPA) $190,000 $200,000 1 New

Description:

• This accounting and tax practice focuses primarily on monthly and quarterly compilation work in a niche industry and related tax work
• Its year-round revenue pattern makes this a great practice to acquire any time of the year
• Collections by quarter: Q1 – 24%; Q2 – 32%; Q3 – 22%; Q4 – 22%
• Revenues have grown steadily in recent years, and the practice is poised for additional growth with the owner currently turning away new business
• Estimated 2017 gross revenue and cash flow are $190,000 and $140,000, respectively
• Stellar retention rate
• Outstanding cash flow (75% of gross in 2016)
• Good location with great visibility and traffic generated by surrounding businesses
• The owner prefers to work for Buyer after closing, which should ensure a seamless transition and optimal client retention

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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