CONNECTICUT
| REF | STATE | LOCATION | ANNUAL GROSS $ | STATUS | PRIVATE SALE / BROKER |
|---|---|---|---|---|---|
| 4749 | CT | Northern Fairfield County | $944,000 | sold | ABA Advisors, LLC |
This well-established, four-decade accounting, tax and attestation practice is located 90 minutes from Manhattan. The firm is thriving and on track to return Seller’s Discretionary Earnings of ~$575,000 in 2024. The Practice revenues have steadily increased each year. No single client represents over 10% of revenue. Compilations and Reviews (no audits) make up about 10% of revenue. Tax software is UltraTax. Both Partners are looking to retire. One soon. The other is willing to stay on, part-time, for a few years. Both will gladly assist in client transition. This practice is a perfect opportunity for a CPA (or two) to strike out on their own or it could be a great addition to an existing firm looking to expand.
Buyer Criteria
The Sellers are ideally looking for an existing CPA (firm or individual) and are not interested in remaining material equity partners of the firm. The existing staff CPA is not interested in becoming a partner.
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