Gross Revenue: $700,000
Location: Virtual,
Industry: Accounting, Tax Preparation, Bookkeeping and Payroll Services
Listing ID: FL-2144
Listing Status: New
Overview
ABA Advisors represents this CPA firm located in the Orlando, FL area. The owner is willing to provide transitional assistance to help with client retention. There is staff in place that are expected to continue working for the buyer.
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The firm has had historical growth of more than $100k per year the past several years. The firm has a 64% profit margin and is paperless. The firm provides individual and business tax services, bookkeeping and very limited reviews and compilations. The buyer of this firm must be a CPA.
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Orlando, FL Market
The sale of this firm presents an opportunity to acquire a very profitable CPA firm with solid average fees and support staff. Similar firms have been selling for multiples of 3 to 4 x Sellers Discretionary Earnings (SDE).
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Business ID# US-2144
Reason For Sale: Seller wishes to sell for personal and family reasons. Seller(s) will sign a long term non compete for the client list.
Training & Support: Seller is willing to provide transitional assistance to the buyer to help ensure client retention. While the seller is not looking to work part-time post closing, they are committed to developing a plan that makes sense to the buyer and seller. Staff are not aware of the sale but would likely transition to the new owner.
