|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3825||TX||Austin||$370,000||sold||Poe Group Advisors|
This is a service-first CPA firm with an exceptional reputation located on the south side of the rapidly growing city of Austin, Texas. This highly-referred practice provides individual and business tax services, payroll, compilation and bookkeeping. Owner hours are very low (1,200-1,400) and cash flow to owner is around 60%. There is no audit or review work currently being done. The staff is highly competent, sharp and work well together. Everyone is proud of the work that they do. The firm has an excellent reputation for responsiveness, client service and quality of work. There is a wonderful casual office atmosphere, schedules are flexible and there is an overall great work environment. There are multiple revenue streams and clients are willing to pay a premium for excellent work. Owner hours remain relatively low, thanks to efficient workflow processes and the dedicated staff’s proficiencies. Clients are accustomed to regular rate increases over time.
The ideal buyer will have several years of public accounting experience and strong general business knowledge. Buyer will want to provide excellent professional service and be timely with communications. Clients are used to someone with a service-oriented mindset, so the ideal buyer will have a high commitment to forming client relationships. Someone with good interpersonal skills who will genuinely appreciate the staff and clients will be able to grow the firm.