Gross Revenue: $570,000
Location: SouthEast, Florida
Industry: Accounting, Tax Preparation, Bookkeeping and Payroll Services
Listing ID: FL-2090
Listing Status: New
Overview - ABA Advisors represents this tax and accounting firm located in the NW Orlando, FL area. The owner wishes to retire after providing transitional assistance to the buyer. The staff is expected to continue with the buyer. This continuity should aid a smooth transition and client retention.
The Practice - The firm was originally founded in 1984, and the current owner has been a partner/owner since 1990. The firm has one CPA and 2 additional staff people that are expected to continue with the buyer. The firm has high average fees for a practice this size. The average 1040 is $1,325 and the average corporate return is $2,700. The firm has a good mix of monthly, quarterly and annual accounting work that generates approximately $135,000 of the firms’ total revenue. About 75% of the clients send in their work electronically or by mail. The buyer must be a CPA or an EA with solid tax experience. Business ID# FL-2090
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 open to working part-time for the buyer for some period following closing. Staff are aware of the sale and would likely transition to the new owner.