|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3797||GA||Atlanta||$118,215||sold||Poe Group Advisors|
This solo CPA practice is well established with excellent cash flow to owner and extremely low owner hours. Cash flow to owner is consistently 85+ %! Owner works approximately 1000 hours per year out of their house, so a new buyer can work out of their home or set up their own office in Atlanta. This firm will move quickly with a desirable location, high fees, high profitability and low owner hours. This is a well-established local CPA firm with a focus on individual and business taxes – no audits or reviews.
All new clients come from strong referrals and long-term clients; half of the clients have been with the firm for 15 plus years. Clients appreciate the owner’s attentiveness and guidance with each individual. This firm enjoys a strong reputation of being thorough and hands on with its clients. This practice is able to charge very good fees, the average individual tax return is over $900 and business is over $1,500. Firm is known for honest, trustworthy work and boasts long-term relationship with great clients
The ideal buyer might have an existing practice and be looking for an opportunity to grow with this quality client list in a high demand metropolitan area. This could also be a great starter firm for someone with the capacity to expand the excellent client base. Owner has close relationship with two brokers who consistently refer business. A buyer with an entrepreneur spirit could see amazing growth. Buyer will need to have strong communication skills and attentiveness to clients.
The practice has been built on a very solid foundation with great referrals, long term clients, strong profitability and flexible work schedule. The owner has not wanted to take on new clients in the last few years and a new buyer could take this firm to the next level.
The ideal buyer must have a strong accounting and tax background, including estate and fiduciary tax. The ideal buyer would have good interpersonal skills and the ability to demonstrate integrity in the quality of their work.
A personable buyer with strong communications skills would thrive with existing clients and expanding referral base. This practice will move quickly.