New Haven, Connecticut Area CPA Book of Business for Sale
| Asking Price: | $575,000 |
| Gross Revenue: | $550,000 |
| Cash Flow: | $300,000 |
| Established Year: | 1988 |
• New Haven, Connecticut area CPA is selling a profitable book of business
• Revenues are comprised of monthly accounting (approximately 3%); tax services for individuals (38%) and business / other entities (52%); and compilations and reviews (7%)
• Revenues have increased steadily, and current year gross revenues are estimated to grow to $550,000
• Cash flow is strong at approximately 55% of gross revenue
• Solid fee structure, with average return fees of about $605 for individuals and $3,900 for business entities
• Software in use includes UltraTax by Thomson Reuters
• The owner is flexible regarding transition assistance and is open to working for Buyer after closing, which should optimize client retention
• Please note that Buyer must be a CPA
