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|Ref||Location||Annual Gross $||Status||Private sale/Name of broker|
|0668||NW Wisconsin||$470,000||Sold||ABA Advisors, LLC|
ABA Advisors represents this Accounting and Tax practice located in the NW Wisconsin area.
With approximately 200 business clients this practice has a niche focus and shows a high net, with revenue and workload spread throughout the year.
Approximately 690 tax returns are prepared annually.
Annual (Business) Clients – tax work, accounting, payroll and & consulting 85%
Tax Clients Only 12%
Monthly Recurring Services Only 3%
The office fully equipped and networked and is mostly paperless. The practice is located in a newer office building which has plenty of space, and is very neat and organized. The lease on the office is transferable.
This sale represents an opportunity to acquire a book of tax, accounting, and payroll clients with a high net, and should allow an accountant to strike out on their own. Alternatively it would be a great addition to an existing firm.
Solid firms in similar areas have been selling for multiples from 1.0 to 1.25 times gross billings, plus furniture and equipment.
Terms are negotiable and the seller seeks an experienced accountant that will take care of the clients and staff.
The seller is open to putting together a deal that makes sense for both parties.
In terms of transition, the seller is willing to provide transitional assistance to the buyer to help ensure client retention.