Established CPA Firm With Strong Cash Flow!

Highlights:
-Cash flow is consistent and strong at 50%
-Majority of the staff have been with the firm for between 9-34 years
-Owner has consistent growth in revenue
-Value billing and AR is kept to a minimum
-Cash receipts are up 21% YTD! 2024 Projection is $900,000

Located in a prime area, this well-established CPA firm is a trusted name in the community, renowned for delivering top-quality work and fostering strong client relationships. With a team of highly knowledgeable, long-term staff, the firm consistently provides exceptional service, contributing to a cash flow to the owner of over 50%! Growth has been driven by client and professional referrals within the community, reflecting the firm’s stellar reputation. The current owner has been selective in accepting new clients, ensuring high standards are maintained.

This seller is willing to stay on after the sale to assist with the transition. This is a rare opportunity to acquire a thriving business with long-term staff and loyal clients. The long standing reputation continues to attract and retain ideal clients, providing opportunity for a buyer to easily expand the existing client base. The current client base has been purposely developed over time to become a very desirable portfolio. Clients are loyal, and retention is very strong. Services are spread out with personal tax making up 37%, business tax 22%, payroll is 27%, and the rest is bookkeeping, trust, and estate. There is a large opportunity to expand consulting services.

Ideal Buyer:
The ideal buyer will be a CPA (but not required) with several years of experience and strong general business knowledge. They must be experienced with owner- managed businesses and the requisite tax and bookkeeping work that is part of serving this clientele. Good interpersonal skills are a must, as well as the ability to adapt to client style. A calm, personable, and professional approach will provide the client base with the familiarity of interaction they often note as something they value and appreciate. The ability to manage with trust and provide independence to the staff will maintain the environment they’ve excelled in. A community-minded buyer will be able to further expand on the growth trends readily available to this firm.

For more information please visit:
https://poegroupadvisors.com/practice/ga3016/