CONNECTICUT

• Highly profitable boutique type practice (a low number of returns coupled with higher fees)
• Revenue mix: Tax preparation for Schedule C filers (15%), other individuals (57%), and business / other entities (23%); and accounting / other revenue (5%)
• The average 1040 fee is approximately $1,105, and the average entity return fee is $2,500
• The firm has experienced steady growth
• 2020 gross revenues and cash flow are estimated to be $90,000 and $80,000, respectively
• This would be the perfect starter practice for a would-be owner or an easily integrated addition to an existing firm
• The owner will assist in transitioning clients to the buyer
• Buyer must be a CPA

Asking Price: $110,000