|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|0666||TX||San Antonio||$100,000||sold||ABA Advisors, LLC|
ABA Advisors represents this Accounting and Tax practice located in San Antonio.
The practice has approximately 90 clients and has high average fees for the area, with the average 1040 fees around $500.
Accounting, Bookkeeping and Compilations – 13%
Individual tax clients – 43%
Business tax clients – 32%
Miscellaneous Consulting – 12%.
There is no office lease to assume with this practice.
This is a paperless practice.
In terms of the investment, solid firms in similar areas have been selling for multiples from 1.1 to1.25 times gross billings, plus furniture and equipment.
Terms are negotiable and the seller seeks an experienced accountant that will take care of the clients and staff.
The seller is open to putting together a deal that makes sense for both parties.
In terms of transition, the seller is willing to provide assistance to the buyer to help ensure client retention.