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CPA Tax and Accounting Practice for Sale Northern Iowa

Cerro Gordo County, IA

CPA Tax and Accounting Practice for Sale Northern Iowa
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Asking Price: $650,000

Cash Flow: N/A

Gross Revenue: $650,000



Inventory: N/A

Established: N/A

CPA Tax and Accounting Practice for Sale Northern Iowa

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Business Description

CPA Tax and Accounting Practice for Sale

Geographic Location: Northern Iowa Listing # IA2063

Practice Details: The practice consists of two equal partners with one partner looking to retire. The other Partner wishes to continue actively working several more years with an employment or consulting arrangement. This firm has a central city location (and nearby satellite office) and has been in business over 25 years with an excellent area reputation and loyal client base. The practice has had a growing revenue pattern with a nicely balanced revenue stream.

Annual Revenue: Gross revenue for 2017 $649,000

Revenue Breakdown:
15% monthly accounting services
55% personal and business tax preparation
30% reviews, audits and other business services
Profitability: Owner’s discretionary cash flow has been stable at 44% of gross revenue.

Facilities: Two locations. Multiple fully equipped offices, conference room, storage and a reception area. Lease is assumable, Seller will also consider sale of buildings to Buyer,

Furniture and Equipment: Fully equipped with all office furniture and all other equipment, networked computers, monitors, copiers, printers etc. included in the price

Staff: The experienced and knowledgeable staff will stay on with new buyer. The owner will also be available for transition support to optimize client retention.

Software: Accounting: Quick Books and CS Accounting. Tax: Drake

Detailed Information

Cerro Gordo County, IA
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Robert Fremder

Business Listed By:
Willow Whitney

Accounting Practice Sold, LLC

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