CPA Firm with Lucrative Return Averages – $910,000 on $852,000 of Revenue – Serving Mesa, Arizona

SOLD

Asking Price:

$910,000

Cash Flow:

$384,000

Gross Revenue:

$852,000

EBITDA:

N/A

FF&E:

$15,000

Inventory:

N/A

Rent:

$46,917

Established:

1977

Business Description

This longstanding and well-respected Mesa CPA firm is asking $910,000 on $852,000 of revenue. The firm currently resides in a strategic and central location with room to grow and desirable demographics. The firm is roughly 75% tax, with a roughly even split between individuals and business clients. The balance is divided between reviews, compilations, accounting services, and consulting. They boast lucrative return averages of $1,200 for individuals and $3,800 for business returns. Five employees would transfer with the sale alongside both the principal and minority partner, who are willing to remain in production roles for 2-3 years. Buyers with or without capacity are invited to review this opportunity. Listed cash flow is an average of the last 3 years.

Detailed Information

Location:

Mesa, Arizona

Real Estate:

Leased

Building SF:

5,000

Lease Expiration:

N/A

Employees:

7 Employees (3 CPAs, 1 EA, 1 Staff Accountant, 1 Tax Secretary, 1 Receptionist)

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

All furniture fixtures and equipment will transfer with the sale.

Facilities:

Location is one of the major selling points of this firm, as they have found a truly fantastic building to operate within. The facilities feature roughly 5000 sq/ft contained withing a gorgeous two-story building in Mesa, Arizona. The design is mid-century modern and features wrought-iron accents alongside stained-glass windows. There is ample parking for employees and clients alike, with covered parking behind the building and street parking in front.

Growth & Expansion:

The existing principal has developed a robust and active referral network. The principal would enjoy acting as a rainmaker for the firm to continue its high-quality client acquisition after the sale.

Financing:

Seller will carry up to 20%, subject to retentive tendencies.

Support & Training:

The seller will provide ample training and support at no additional costs.

Reason for Selling:

The seller is pursuing a succession plan in anticipation of retirement.

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