$700,000 Waco, TX area Tax and Accounting Practice (TX-2057)

Gross Revenue: $700,000

Location: SouthWest, Texas

Industry: Accounting, Tax Preparation, Bookkeeping and Payroll Services

Listing ID: TX-2057

Listing Status: New

Description

ABA Advisors represents this tax & accounting practice located in the Central Texas / Waco area. The owner was a CPA who is recently deceased, and we are looking for the right buyer to take over the firm, clients and staff, very quickly as this is considered an emergency sale.

The practice 2023 total Gross Revenue was $700,000. Revenue Mix: 24% accounting & bookkeeping, 73% tax, 2% other. The average Tax Return Fees are: 1040 rtns at $705 ea., 1120/1120S rtns at $896 ea. The average Accounting / Bookkeeping Fees are: Monthly clients at $895/mth. Client Mix: Small businesses + individual return only clients. Staff: There are 5 staff currently working, 2 staff are expected to continue with the buyer, the Office Manager and the Senior Tax Accountant. Office rent is $6,500 in a 2-story stand alone building. Software: ProSystems + QuickBooks.

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Summary

Reason For Sale:

Owner of firm passed away.

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CONTACT PERSON

Chuck Hayes

Chuck Hayes