Utah CPA Practice for Sale
 SOLD
Listing #: UT1045
Location:
Type:
Annual Revenue: $200,000
 Asking Price: $200,000
Presented by:
The Holmes Group
Toll-Free: 800-397-0249
Description:
This unique CPA practice for sale in Utah has annual gross revenues of approximately $200,000. Although physically located in the St. George, Utah area, the practice serves a diverse and loyal group of clients located through the United States, but primarily within Utah and Arizona. The clients are accustomed to being serviced remotely from a •œvirtual office", and could realistically be transitioned to, and could be well-served by, an accountant located in Southwest Utah or elsewhere in Utah or Arizona. The practice caters to a high-quality client base composed, in large part, of businesses and business owners. Revenues are desirably mixed between tax work (53%) and accounting services (47%) to provide steady year-round income; and more than 70% of the total revenues are generated from business clients, which should provide ample opportunities for further expansion of services. There is a strong fee structure in place, and with minimal overhead expenses, the firm generates strong cash flow to owner of approximately 60% of gross. This is the perfect-sized opportunity for an individual CPA ready for practice ownership or an easy, profitable addition for another established firm.
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