4470AZPeoria$606,000soldBerkshire Business Sale & Acquisitions

Fully staffed CPA firm for sale in Peoria, Arizona. This firm has 3 incredible employees that are tenured, trained, and familiar with client facing activities. The principal believes all three will transfer with the sale. The firm billed $606,000 in 2022 and carries a 50% cash flow margin. Approximately 70% of billings were related to tax return compliance and roughly 30% earned from regular monthly bookkeeping and accounting clients. This is an excellent starter practice without major complexity and a really nice mix. Roughly 60% of the revenue comes from business entities including monthly bookkeeping revenue of $14,500 which helps to keep the firm in the green all year long and helps to provide working capital during the early stages of the transition. The principal owns the building and will create a low-cost lease at the existing location or this firm can be relocated within reason. The principal will stay on to help with the transition and can act as an overflow for production work providing a 40/hours per week maximum through 4/15/24. Asking $578,000 on 606,000 of billings.