$300,000+ Revenue – NE Hartford, CT Area CPA Practice for Sale

Overview
ABA Advisors represents this tax, bookkeeping and consulting firm located in the NE Hartford, CT area. The owner wishes to retire but is willing to provide transitional assistance to the buyer to help ensure client retention.
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The Practice
The firm serves individual and small business clients in the Greater Hartford, CT area. While not yet fully paperless, it is actively moving in that direction. Average fees are strong for a practice of this size, with the average 1040 just under $500 and business returns ranging from $1,449 to $3,391. Average annual revenue growth is 26% and is well-diversified, with 77% from Tax, 9% from Accounting & Bookkeeping, 11% from Planning, 3% from Resolution, and 1% Miscellaneous. Client retention is strong with over 65% of clients staying over 4 years. Staff are expected to transition with the buyer, and the seller believes the ideal buyer is a CPA or EA with significant tax experience ready to build on a strong, growing platform.
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Business ID# CT-2122

Reason For Sale:

Seller is of retirement age.

Training & Support:

Seller is willing to provide transitional assistance to the buyer to assist client retention but, is not interested in post-closing employment. Staff are not aware of the sale. The seller anticipates 2 of the staff will likely transition to the buyer.