|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4644||FL||West Palm Beach||$720,000||new||Ragan & Associates, PA|
West Palm Beach Practice - $720K in Revenue
An established CPA firm with an impeccable reputation and deep community ties. Primarily a tax practice representing 80% of revenue, 20% accounting, and no attest services. Competitive hourly fees with all work billed on an hourly basis, no fixed fees, so high realization rates. A steady revenue stream with 60% profitability to revenue. Three loyal staff members with significant tenure and skill sets, yet low cost. Owners do the majority of the tax work, despite the staff’s strong client relationships. Located in the heart of the West Palm Beach right next to the business district, serving many wealthy clients and diverse industries. Great opportunity for wealth management services. Lease ends next year, owners planning on retiring after a smooth transition and would consider working per diem, if mutually agreed.