|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4060||MA||Greater Boston||$869,000||new||Poe Group Advisors|
This is an extremely profitable tax practice established in 1995. Services include corporate tax, individual tax, partnership tax, trust tax, minor non-profit tax and tax advisory, and very minor estate preparation, bookkeeping, and payroll. The practice has had steady year-over-year growth since inception based solely on reputation and referrals. Client retention is very high as a result of quality work and very personable service. The client portfolio is diverse and comprised of very loyal clients in stable industries. Profitability is very consistent and exceptionally strong at 82%-84% year-over-year.
The practice has one longstanding very capable tax preparer/bookkeeper and one part-time administration employee. The owner focuses on high-level tax work and tax review. The practice is well-located less than 25 minutes to the hub of Boston. The office is contemporary and bright, very easily accessed with ample parking. This is an excellent opportunity for a Buyer looking to expand an existing client base or a Buyer looking for a highly profitable turn-key practice in the greater Boston area.
The ideal Buyer will be a CPA with a strong tax background and solid experience in the practice’s areas of service. Good general business knowledge is also required. A personable relationship builder will do well with the client base that is familiar with this type of owner. The Buyer should be growth-minded as ongoing and regular referrals from existing clients are very common. The ideal Buyer will recognize the value of the practice’s tax preparer/bookkeeper. This is an excellent opportunity for a Buyer looking to expand an existing client base or a Buyer looking for a highly profitable turn-key practice in the greater Boston area.