REF | STATE | LOCATION | ANNUAL GROSS $ | STATUS | PRIVATE SALE / BROKER |
---|---|---|---|---|---|
3818 | AL | Montgomery | $480,000 | sold | Accounting Practice Sales |
• Full-service CPA practice for sale in Montgomery, Alabama
• Services include accounting (approximately 15%), audits and reviews (15%), and tax preparation for individuals and business entities representing a broad range of industries (70%)
• Expected current year revenues and cash flows are$480,000 and $325,000, respectively
• Cash flow is quite strong at more than 68% of gross revenue
• Many clients have been with the firm for decades, and the firm enjoys a stellar client retention rate
• The practice generates year-round income, making this a great practice to acquire any time of the year
• Seller will assist in transitioning clients to the Buyer
• Buyer must be a CPA because there is audit and review work
Asking Price: $525,000
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