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|Ref||Location||Annual Gross $||Status||Private sale/Name of broker|
|0667||Cincinnati, Eastside||$180,000||Sold||ABA Advisors, LLC|
ABA Advisors represents this CPA practice located on the eastside of Cincinnati.
With approximately 380 clients, this is a profitable practice that shows a 50% net to the owner.
The revenue breakdown is:
Individual tax returns 44%
Business/Partnership tax returns 8%
Accounting, Bookkeeping, Compilations & Payroll 48%
The practice has a solid staff in place that is expected to remain with the practice.
This sale represents an opportunity to acquire an accounting practice with solid average fees and an experienced staff already in place.
Solid practices in similar areas have been selling for multiples from 1.1 to 1.3 times gross billings, plus furniture and equipment.
Terms are negotiable and the seller seeks an experienced CPA or EA that will ensure the clients are cared for.
In terms of transition the seller is willing to offer transitional assistance to the buyer to help ensure client retention.