Business Description

This well-established CPA practice, founded in 1990, is currently being run by its owner. The business utilizes software such as QuickBooks and Drake Tax to manage its operations. With a client base of 3 for bookkeeping services, the practice generates an annual revenue of around $48,000. In addition to bookkeeping, the practice handles a significant number of tax returns each year, including approximately 290 individual tax returns with an average fee of $295 per return and 25 business tax returns with an average fee of $1,060 per return. The practice also earns around $5,600 annually through other projects. The projected annual cash flow for 2024, inclusive of the owner's salary, benefits, personal vehicles, and other non-operational expenses, is estimated to be $121,420. The seller of this practice also owns the office space where the business operates, making this a valuable opportunity for someone looking to acquire an established CPA practice with a steady revenue stream and