#5548 - Virtual - VIRTUAL

Gross Revenue - $900,000 Sellers Discretionary Earnings (SDE) - $572,000 Asking Price - $1,650,000 Established in 1988, this virtual CPA practice presents an attractive acquisition opportunity for an accounting firm or individual practitioner seeking to expand an established tax practice with a diverse base of individual and business clients. The practice has been operated by a CPA with extensive professional credentials and maintains a client base consisting primarily of small businesses, corporations, partnerships, individuals and trusts. The practice also provides payroll compliance services. The owner is pursuing a semi-retirement transition, creating an opportunity for a successor to acquire an established practice and build upon its existing client relationships. Key Highlights Established in 1988 Approximately $900,000 in annual gross revenue $1,350,000 asking price, representing 1.5x gross revenue Virtual operating model Established individual and business client base Approximately 417 individual tax clients Approximately 300 business clients Approximately 43 trust/other clients Average individual tax fee of approximately $1,120 Seller willing to stay on for a few years and one key employee to stay long term.