Description:
• Sole practitioner CPA practice in beautiful Roaring Fork Valley of Western Colorado • Firm revenues are generated primarily from tax planning and preparation services which are broken down by 197 individual returns (50%) and 167 Business Returns (49%). Other services account for the remainder of the income. • The owner's cash flow is 62.5% and after including discretionary items becomes nearly 83%. • Software used for tax preparation is Lacerte; Quickbooks is used for accounting and Microsoft Office for general use purposes • A seasonal tax preparer assists with preparing the tax returns • Office facilities, which are on a month-to-month lease, include a reception area, two large offices and a storage room. The lease is likely assumable. • The owner is looking forward to retirement after a long, successful career but anticipates assisting the buyer through an appropriate transition period to maximize knowledge transfer and client retention