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Listing Number Location Annual Gross Asking Price Status
TXC1047 NW San Antonio Metro $860,000 Available

Description:

This CPA firm has been serving clients in the local community and throughout the Texas hill country area since the mid 1940’s. Over the years, the firm has been engaged to provide tax planning and preparation services for individuals, businesses and estates, bookkeeping and accounting services as well as many audit services. A limited number of monthly, quarterly and annual write-up clients provide approximately five percent of the annual revenues. The software used for these services is Quickbooks. Audit clients account for about seventeen percent of the revenues while tax services account for the remainder. Of the tax services, individuals (760+/- returns) account for approximately 56% of revenues, business entities (160 returns) account for nearly 23% and other returns (200+/-) generate about 21% of annual fees. Ultra Tax is the software used for return preparation.
A dedicated, long-term staff will stay to help insure a smooth transition and enhance client retention. The present owners are also willing to participate as necessary with transition of the clients to the new owner(s).
The well appointed offices are in a professional office building and the lease is presumed to be easily assumed or renegotiated.
The practice is being offered at $1,100,000. Ten year financing with a low down payment is available to qualified buyers.

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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