|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3473||AZ||Phoenix/Scottsdale||$640,000||new||Berkshire Business Sale & Acquisitions|
A new CPA firm is available for sale in Phoenix, Arizona. The firm has $640,000 of recurring revenue with approximately 52% tax and 48% accounting and payroll with no attest services. The firm has a very high cash flow margin at 71%. We typically see margins from 30% on the low side to 70% on the high side. The seller will carry up to a 30% of the purchase price and the seller note is subject to retention, meaning the seller will provide 30% downside protection if not all clients transfer. The firm is well diversified with no clients near 10% of revenue. Cash flow and revenue numbers are taken from the full year 2019 tax return. There has been some additional growth in 2020.