This is a great opportunity to acquire a CPA firm with nearly five decades of experience and community presence in the thriving Charlotte Metro Area. Specializing in business clients, the firm’s revenue mix is 69% business returns with an average fee of $2,800 and 30% personal returns; the majority of which are tied to a business. This is a highly successful firm with an incredible foundation of excellent client service, strong team dynamics, and a focus on work-life balance. It is known for its deeply personal approach to client service, exceptional staff tenure, and consistent profitability. With recent hires, this firm has unlocked new client capacity. The practice generates over $1.3 million in revenue and boasts a cash flow to the owner averaging 39%; a testament to the firm’s operational efficiency and enduring client loyalty. With a seasoned team and strong systems in place, this firm offers both security and growth potential for the right buyer. Profitability: Revenue exceeds $1.3M, with cash flow to owner around 40%, and 2025 projected revenue increase due to new hires and expanded capacity. Highlights: -Owner hours less than 1,800 -Cash flow averaging $500,000 -Deep institutional knowledge is held by a thoughtfully selected and tenured team. Many staff members have been with the firm for over 20 years and are in their early 50s. Several CPAs and EAs -Revenue growth of 13% from 2023-2024 -High fees with corporate returns averaging $2,800 Ideal Buyer: The ideal buyer is either a larger firm or an individual who seeks to broaden the range of services currently offered to the existing clients. A buyer who could bring additional expertise in specialized areas of accounting and tax planning is preferred. The hope is that the buyer will remain an active contributor to the community, fostering strong local ties and contributing to its growth. Additionally, they will retain the current staff. Existing staff will be the key to ensuring a smooth and seamless transition, preserving the established relationships that have been cultivated.
Furthermore, the ideal buyer should have a forward-thinking approach, eager to guide the firm’s transition toward more advanced technological solutions and a greater degree of paperless operations, positioning the firm for continued efficiency and success in the future.
