#5334 - Orlando - VIRTUAL

ABA Advisors represents this CPA firm in Orlando, FL. The owner is ready to retire but is willing to provide transitional assistance to assist with client retention. The firm was started in 1986 and has grown steadily since. The firm has about 200 individual tax clients with an average fee of $850. There are about 200 partnership and corporate tax clients with fees averaging between $1,250 and $1,700. There is about $50,000 of accounting/bookkeeping fees annually and the firm provides payroll and consulting services. The firm currently has about 85% of the clients sending in their information by mail or electronically, making this firm “virtual ready”. With virtual ready firms there typically needs to be some transitional period following closing, but the owner believes the firm likely could be made to operate virtually. Sellers Discretionary Earnings is 57% on this firm. The buyer of this firm must be a CPA or EA with significant tax experience. Business ID# FL-2136