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Listing Number Location Annual Gross Asking Price Status
TXC1051 Austin $225,000 Sold

Description:

This CPA practice with a 10+ year history is located in the prime northwest area of Austin, Texas. This is an ideal opportunity for someone looking for a turn-key opportunity to jump start getting into their own practice with great growth potential or for an existing firm to acquire for expansion purposes.
The estimated 2013 gross revenues of $225,000 are comprised of approximately 79 percent tax preparation services, 11 percent accounting services including some payroll services, 5 percent audit and review (one of each) services and about 5 percent other engagements, including one agreed upon services client. There are approximately 385 individual and 86 business tax returns prepared. The accounting services are provided to one quarterly and 6 monthly clients.
The owner’s cash flow should approach the 70 percent level with the potential to improve it. The staff assistant would likely continue working for a new owner and the seller will also provide transition support, helping to assure a smooth transition and retention of the client base.
There is an added bonus for an individual or firm looking for a practice more in the $500,000 gross revenue range to combine this practice with our listing number TXC1050 and achieving substantial economies of scale by eliminating redundant costs and gaining higher utilization of staff.
If an opportunity such as this is the one you’ve been looking for – CALL TODAY!

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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