ARIZONA

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REFSTATELOCATIONANNUAL GROSS $STATUSPRIVATE SALE / BROKER
3606AZPhoenix$659,373availableBerkshire Business Sale & Acquisitions

This two- principal CPA firm has been in the same location for over 40 years and is centrally located in the fastest growing city in the United States, Phoenix. The principals are asking $660,000 for the firm.In the most recent three years this firm has produced cash flow of $262,000 on roughly $659,373 of recurring revenue. The firm has year-round revenues from a solid base of accounting clients and a very strong tax return business (68% tax/32% accounting). The firm consistently garnishes nice margins on the accounting business.

The client base is driven by a heavy concentration of professional services. This includes doctors, lawyers, architects, engineers, actuarial/retirement planners, entrepreneurs, and a mix of small, medium and large size businesses. Cash flow and revenue stats are from full year 2020 financials. This office uses Lacerte Tax Software. Some of the employees can/do work on a remote basis. There are no audits. CPA applicants only please.

The space is 2800 square feet. It has three locking offices. There is a reception area with plenty of room for clients to await their meeting. There are two restrooms, a lunchroom, a storage area, a file room and a large bull pen where employees and contractors do most of the work. The space is adequate in size and still allows room for growth. The lease expires on November 30, 2022. The lease is assignable with landlord approval.

Sellers are willing to provide ample familiarization to the new buyer and are willing to stay on to aide with the transition and production if the new buyer desires this assistance. Sellers will remain as employees for the new tax season with the goal of fully retiring at the end of April 2022. One principal would like to stay on as a full-time employee, if desired by new ownership.

For more details please contact the advertiser about this listing:

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