TEXAS

This well-established, two-partner CPA firm has built a strong reputation in the community for its proactive approach and unwavering client support. With a dedicated staff and excellent processes in place to ensure timely work, the firm maintains a high level of client satisfaction.
About 75% of the firm’s business clients are high-net-worth individuals in a niche industry served nationwide. The firm and staff have a deep level of tax knowledge that is unmatched in the area, resulting in high-quality clients and fees. One owner who manages the audit portion of the practice is open to staying on as an employee, making it an attractive opportunity for continued success and expansion.
The service mix is made up of 33% business tax, 35% attestation work, and 17% personal returns (the majority are tied to a business), while the remaining percentage is comprised of other helpful services. The team works independently and collaboratively, with most staff participating in client-facing work. This allows the owner the ability to focus on high-level work and higher-level client relationships. The office is well located in a strong market with many local and regional growth opportunities. The stage is set for a new chapter of prosperity.
Firm Highlights:
• Several CPAs on staff with a deep level of tax and audit knowledge
• Many long-term clients have been with the company for 30+ years and many have annual revenues of $10-200 million.
• Very high fees- Audits averaging around $50,000, Business tax average around $1,600
• One owner may consider an ongoing working arrangement with the right buyer and continue growing the audit work and business development.
• 75% of business clients are in a niche industry served nationwide.
• 2023 Revenue was $2,154,549

Ideal Buyer:
There are many ideal Buyer scenarios for this practice. In general, however, any Buyer will:
• Be a CPA**CPA ownership is required for a CPA practice
• Have relatable experience in the services currently offered by the practice
• Have sound business knowledge and deep tax knowledge (ideally Audit experience)
• Will be growth-oriented, and experienced in leading an expanding business and a team

A buyer must be a CPA. The firm has a highly skilled and educated team. The buyer will recognize the current team’s value and will have the leadership ability to continue building at this level. The buyer will recognize that the success of the firm is due in large part to a continual focus on high-quality work, highly attentive client care, and progressive development. Existing and new clients recognize the firm for its excellent reputation as a leading provider in this niche service; equally, employees recognize the firm for its excellent reputation as a highly respected employer. The buyer will need to be a relationship builder, both in terms of team management, and client relationships. This is a substantial practice and requires a strong and capable leader to maintain and bring it to the next level.