$455K Youngstown, Ohio Area Accounting and Tax Practice

This is a well-established, four-decade tax and accounting practice located close to Youngstown. The firm is
thriving; however, the owner is retirement age and wishes to sell. The firm generated revenue of $455,000 in 2023 with SDE of $211,000. Business tax and accounting services make up almost 80% of revenue with much of it as monthly or quarterly accounting work. Concentration is low with no single client representing over 10% of Revenue. The staff is in place with one other well-qualified CPA plus an experienced Office Manager and Receptionist. Staff are aware of the sale and are likely to continue with a new owner. This
practice is a perfect opportunity for a CPA to strike out on their own or it could also be a great addition to an existing firm looking to take the firm into its next chapter of growth.
The seller is very willing to assist the Buyer in smoothly transitioning clients and is interested in continuing part-time work up to 25 hours per week at a discounted rate for 2024 and beyond.