#5578 - Northern New Jersey - NEW JERSEY

ABA Advisors represents this CPA, tax & accounting 2-office practice located in northern New Jersey. There are two Partners and staff who are expected to continue on with the new owner. This continuity should aid a smooth transition and client retention. Founded in 1999 this firm has an good history, strong average fees, and represents a opportunity for the right buyer to establish or expand their firm into Bergen and Union counties where most of the firm’s clients are located. There are some 1040's that are out of state. The firm is not paperless. 20% of clients drop off their returns, 30% of clients use mail / email / portal and 50% of client returns are processed while they wait. The firm does not use engagement letters. Seller is willing to provide transitional assistance to the buyer to assist client retention. Staff are not aware of the sale and are expected they would transition to the new owner. Business ID#: NJ-2171