DC Metro CPA Practice $1.3M Gross with $800k Cash Flow AND Staff
| Asking Price: | $1,500,000 |
| Gross Revenue: | $1,300,000 |
| Cash Flow: | $800,000 |
Practice Details: Outstanding very profitable CPA practice just 30 miles from DC in Virginia. Gross revenues ~$1.3 million in 2023 and were balanced between Tax prep (68%) and Write ups (25%) to provide year-round income. Have grown at 20% per year last three years with cash flow expected exceed $1 million in 2024! Nice practice, this one will go fast.
Owners Cash Flow: $800,000
Revenue breakdown: Individual and Business tax: 68%, Write up: 25%
Facilities: 2 offices + reception area with 7 total rooms = 1800 sq feet, rent is $2500 monthly
Furniture and Equipment: all computers, desks, file cabinets, and server phone system come with the practice.
Staff: 2 CPA owners + staff of 5, 3 FT & 2 PT
Software: QB, ProSystem FX, PC Windows, Mango Practice Management System
