Award Winning CPA Firm in Tucson, Arizona – $1,500,000

SOLD

Asking Price:

$1,200,000

Cash Flow:

$750,000 plus

Gross Revenue:

$1,500,000

EBITDA:

N/A

FF&E:

$20,000

Inventory:

$NA

Rent:

$4,900/month

Established:

1984

Business Description

This highly attractive acquisition opportunity is exclusively tax with approximately 6,500 billable hours of work and roughly 1.5mm in revenue. The principals are asking for $100,000 down and will accept an discounted earnout on the balance. Almost exclusively tax, the company carries the following return averages. Individual - $1,537/487 returns - Business - $2,887/213 returns - Other - $2,400/35 returns. The practice has 7 employees with 6 credentialed (CPA) employees that can transfer with the sale and fulfill the lion's share of the workload. The high-value clients, exceptional cash flow and the high realization of this firm makes this a rare find. The credentialed staff sweetens the offer and the acquisition structure will make it hard to pass up. Grab it while you can!

Detailed Information

Location:

Tucson, Arizona

Real Estate:

Lease, Buy or Relocate

Building SF:

2,500

Lease Expiration:

N/A

Employees:

7 (6 with CPA credentials)

Furniture, Fixtures, & Equipment (FF&E):

All FF&E transfers with the purchase.

Facilities:

The facilities are owned by the exiting partners. They will create a market based lease for a buyer or the buyer can purchase the building. As a third option the practice can be "reasonably" relocated. Its a single story building with 9 private offices, a conference room, reception area, kitchen and two bathrooms. 2,512 square feet

Growth & Expansion:

This is a low risk opportunity to obtain a high performing footprint in Arizona. Its also an excellent opportunity for firms in Phoenix to gain a foothold in Tucson (2nd largest metro area in Arizona). Arizona is growing rapidly and has outstanding growth and expansion opportunity.

Financing:

$100,000 into escrow and 20% on collections for 4 years (.8 multiple on collected revenue). The $100,000 will be applied to the 1st year earnout. No bank needed!

Support & Training:

The exiting partners will provide short term transition support and then will retire. The sellers will require a CPA buyer.

Reason for Selling:

Retirement

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