Southeastern Iowa CPA Practice for Sale
Asking Price: | $975,000 |
Gross Revenue: | $1,000,000 |
Cash Flow: | $507,551 |
Established Year: | 1986 |
This profitable CPA Tax & Accounting Practice for sale in Southeastern Iowa with annual gross revenues of approximately $1,000,000. The well-established, quality client base includes a good amount of business clients, which offers plenty of opportunities for expansion of services. The company continues to have strong growth through referrals with no advertising. While the practice is heavy in tax work (75%), there is also a good mix of other services which provide year-round income including but not limited to accounting, tax & financial planning, business consulting, quarterly payroll taxes, non-profit & pension plan returns, and setting up new corporations/partnerships. Clients are in a wide variety of businesses and professions. Although about half of the practice is local to the general area of the practice, the remainder of clients are outside of Iowa. The diverse clientele, along with a strong fee structure, has helped to generate extremely strong cash flow to the owner over 65% of gross. There is an experienced staff in place to assist in a smooth transition. Additionally, the seller will continue working for the buyer in a part-time/half-time capacity. This practice offers an experienced CPA the perfect opportunity to step into an established practice with a quality book of business and significant growth potential.