$280,000 Revenue – New Orleans, LA Area CPA Practice for Sale

Overview
ABA Advisors represents this CPA tax practice located in the New Orleans, LA area. The owner wishes to retire from public accounting but is willing to provide transitional assistance to help ensure client retention.
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The practice was started in 1991 and provides income tax services to individuals, businesses and trusts. The firm has high average fees for a practice of this size. Individuals average $1,289 and corporate and partnership returns average $1,117 to $2,663. There are a staff CPA and an office manager that are both expected to remain with the practice. The firm has solid profitability. The office lease is year to year. The buyer of this firm must be a CPA and while 75% of the clients send in their information electronically, the buyer will need to be present and maintain an office in the sellers’ office location or an office very close.

Reason For Sale:

Seller is of retirement age.

Training & Support:

Seller is willing to provide transitional assistance to the buyer to assist client retention and is also open to working part-time during transition on a limited basis. Staff are aware of the sale and will likely transition to the new owner.