|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4637||IL||Geneva (West Chicago) Area||$610,000||available||ABA Advisors, LLC|
This highly profitable tax and accounting practice is in a desirable area in the western suburbs of Chicago. The firm is thriving and is expected to return SDE over $300,000 in 2023. The Practice revenues have doubled in the last seven years with a wide variety of clients. Average fees are strong, and the staff consists of two CPAs, in addition to the seller, as well as an office manager and seasonal support employees. Staff are aware of the sale and the Seller believes that the staff will continue with the new owner, provided the current (or nearby) location is maintained. The practice has a blend of individual and business returns with no single client representing over 5% of Revenue.
The owner is nearing retirement and wishes to sell to have more flexibility. The seller is very willing to assist in smoothly transitioning the clients to a new owner and is open to various arrangements as a continuing employee or contractor, but not in a firm leadership role.