|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3699||NC||North Carolina||$290,000||expired||Poe Group Advisors|
This is a well-established local CPA firm with a focus on individual and business taxes with one review and a few compilations. There is also some trust and real estate tax return work. There are no audits. Firm is known for honest, trustworthy work and boasts long-term relationship with great clients. All new business comes from strong referrals including several estate attorneys who refer estate tax business. Owner is the only CPA with one receptionist and two seasonal bookkeepers who will be retiring. Cash flow to owner is close to 50%! Office atmosphere is laid back, friendly atmosphere with casual attire and flexible schedules. There is an opportunity to add additional services including tax planning, CFO services and advisory work
The ideal buyer must have a strong accounting and tax background. It would be helpful for the buyer to have experience in GAAP and personal and business tax knowledge. The ideal buyer would have good interpersonal skills and the ability to demonstrate integrity in the quality of their work. Personable buyer with strong communications skills would thrive with existing clients and expanding referral base.
There is a great opportunity here to expand services, offer more consulting and add market the practice. Buyer could reduce payroll work and focus more on tax and advisory services. Opportunity to become paperless and increase automation and efficiencies.