How to Sell Your Accounting Practice

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Selling Your Accounting or CPA Firm in Arizona: A Complete Guide

Selling your accounting practice or CPA firm is more than a business transaction, it’s often the culmination of decades of building client relationships, expertise, and financial security. At Berkshire Business Sales & Acquisitions, we understand the personal stakes involved. As a Phoenix-based specialist in CPA and accounting practice brokerage, we focus exclusively on these niche transactions, providing a confidential, structured process that maximizes your sale price and terms while minimizing disruption to your clients, staff, and legacy.

Whether you’re retiring, pursuing new opportunities, or planning an orderly exit, this guide walks you through the entire process, from initial preparation to closing, with an emphasis on Arizona’s market dynamics and our proven, broker-led approach.

Why Sell Your Accounting Practice Now? Understanding the Arizona Market

The accounting profession in Arizona, and nationwide, is experiencing significant transition. Many Baby Boomer owners are reaching retirement age, creating more practices available than ever before. This shift has moved the market toward buyers in many cases, making professional guidance essential to achieve strong multiples (often based on SDE, Seller’s Discretionary Earnings, with adjustments for retention, client mix, and transition support).

In Arizona, local factors play a key role:

  • Strong demand from expanding Phoenix-area firms, out-of-state buyers seeking Sunbelt growth, and professionals looking to establish or scale practices in Mesa, Scottsdale, Chandler, and beyond.
  • Opportunities for premium valuations when practices demonstrate stable recurring revenue, low client concentration, and smooth transition potential.


Without specialized brokerage, sellers risk undervaluation, confidentiality breaches, or mismatched buyers.

Person in a suit holding a sign that reads “For sale!” with a city skyline in the background.

Berkshire’s advantage: Deep Arizona market knowledge combined with national buyer reach ensures curated, qualified matches, often leading to better terms than generic or volume-driven approaches.

See real-world examples of Arizona practices we’ve handled on our current listings page.

Step-by-Step Process:

How We Sell Accounting and CPA Firms

Our end-to-end process removes complexity so you can focus on running your practice. Here’s what to expect:

Step 1

Initial Confidential Consultation & Evaluation

We start with a no-obligation discussion to understand your goals, timeline, and practice details. Using industry-specific metrics (SDE multiples, goodwill factors, client retention risk, recurring revenue stability), we provide a complimentary valuation range. This grounds expectations in reality, accounting practices in Arizona often trade at 1–1.5x annual gross revenue or higher with strong fundamentals.

Step 2

Preparation & Exit Planning

We help position your firm for maximum value: cleaning financials, documenting processes, addressing any red flags (e.g., owner dependency), and creating a blind profile (anonymous teaser) for marketing. Confidentiality begins here, no client names or identifiable details are shared without NDAs

Step 3

Confidential Marketing & Buyer Outreach

Unlike marketplaces, we use targeted, controlled exposure. Your practice is marketed to our curated network of qualified buyers (experienced CPAs, investors, private equity, wealth management firms) via private channels. In Arizona, we leverage local relationships while accessing national demand.

Step 4

Buyer Screening & NDAs

Interested parties sign strict NDAs before receiving detailed info. We screen for serious, financed buyers who align with your practice culture and transition needs.

Step 5

Negotiation & Letter of Intent (LOI)

We handle offers, counteroffers, and key terms (price, earn-outs, non-competes, transition support). Our experience ensures issues like revenue definitions or exclusivity are addressed clearly. For more on this stage, see our blog post on LOI (Letter of Intent) to Closing – 3 Big Issues.

Step 6

Due Dilligence & Closing

We coordinate data rooms, QofE (Quality of Earnings) reviews, and financing. Most closings occur 4–9 months from marketing start, depending on complexity.

Step 7

Post-Closing Transition Support

Smooth handoffs protect client retention and earn-out potential.

Timeline Overview

Preparation

1-3 Months

Marketing & Screening

2-6 Months

Negotiation to Closing

2-4 Months

Total

Often 6-12 Months for Optimal Results

Pro tip: Starting early (even 2–3 years) allows time to boost value through organic growth or operational improvements. Check our blog for more preparation insights, like Sell Side Due Diligence for Accounting Practices.

Maintaining Confidentiality: Our Top Priority

Many owners hesitate to sell due to fears of client loss, staff turnover, or competitive disruption. We address this head-on with a strict, broker-led confidentiality protocol:

  • Blind profiles initially shared, no firm name, location specifics, or client details.
  • Tiered disclosure: Only NDA-signed, vetted buyers receive more info.
  • Controlled communication: We manage all inquiries; you stay anonymous until you’re ready.
  • Arizona advantage: Local expertise means fewer broad blasts, targeted outreach reduces exposure risk.

 

This white-glove approach has helped dozens of Arizona owners transition successfully without unwanted attention.

Related reading: See our blog on Common Myths When Selling an Accounting Practice for more on confidentiality misconceptions (and other myths).

Maximizing Your Sale Price & Terms

Valuations aren’t one-size-fits-all. Key drivers for accounting/CPA firms include:

  • Recurring revenue percentage
  • Client retention history
  • Owner involvement (lower is better)
  • Practice location and growth potential (Arizona’s strong economy helps)
  • Transition commitments

 

We focus on realistic multiples grounded in SDE, with adjustments for Arizona market trends. Our track record includes smooth exits with strong cash-at-close and favorable earn-outs.

Explore actionable tips in our blog: 5 Steps to Maximize Your Accounting Practice Valuation Multiple.

What Sellers Say About Working with Berkshire

“I worked with Ryan this past year on the purchase of an accounting practice. Ryan is excellent at helping buyers and sellers communicate and find common ground. Knowledgeable, responsive, and takes time to understand his client’s needs.” – Client testimonial

We deliver thorough, professional experiences tailored to accounting professionals. (This quote and others are featured on our testimonials page.)

Next Steps: Get Started Today

Selling your accounting or CPA firm in Arizona doesn’t have to be overwhelming. With Berkshire Business Sales & Acquisitions as your partner, you gain:

  • Niche expertise in CPA/accounting transactions
  • Confidential, curated buyer access
  • Arizona market insight with national reach
  • One accountable team from valuation to close

Schedule your free, confidential consultation today. Use our free consultation form. We’re Phoenix-based and ready to help you build a brighter future.

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Recently Sold CPA & Accounting Firm Listings in Arizona

Law Firm for Financial Service Company – Scottsdale
List Price: $3,800,000 | Gross Revenue: $4,600,000

Rapidly Growing CPA Firm – Phoenix
List Price: $2,380,000 | Gross Revenue: $1,700,000

Full Service CPA Firm – Tucson
List Price: $1,741,000 | Gross Revenue: $1,600,000

CPA Firm – Scottsdale
List Price: $1,295,000 | Gross Revenue: $1,050,000

CPA Practice with Real Estate – Phoenix
List Price – $1,200,000 | Gross Revenue: $539,000

Lucrative CPA Firm in High Wealth Niche – Paradise Valley
List Price: $1,000,000 | Gross Revenue: $913,455

Stable CPA Firm – Phoenix
List Price: $900,000 | Gross Revenue: $825,000

CPA Practice – Tucson
List Price – $864,000 | Gross Revenue: $335,000

CPA Firm Serving Phoenix and Scottsdale  – Scottsdale
List Price: $812,500 | Gross Revenue: $671,488

Accounting Firm (Enrolled Agent) – Tempe
List Price – $720,000 | Gross Revenue: $636,000

Fully Staffed, Efficient CPA Firm – Chandler
List Price: $713,000 | Gross Revenue: $645,000

Growing CPA Firm – Central Phoenix
List Price: $708,500 | Gross Revenue: $545,000

Growing CPA Firm  – North Scottsdale
List Price: $695,000 | Gross Revenue: $595,000

Tax & Accounting Practice – Phoenix
List Price: $596,000 | Gross Revenue: $542,000

Arizona Tax & Bookkeeping – Chandler
List Price: $520,000 | Gross Revenue: $436,296

Fully Staffed CPA Tax Firm  – Phoenix
List Price: $510,000 | Gross Revenue: $478,000

Accounting Firm – Scottsdale
List Price – $509,000 | Gross Revenue $443,000

Tax and Accounting Firm – Chandler
List Price: $484,538 | Gross Revenue: $413,216

CPA Firm – North Phoenix
List Price: $492,000 | Gross Revenue: $410,000

CPA Practice – Northern Arizona – Yavapai County
List Price: $459,000 | Gross Revenue: $370,253

Arizona CPA Firm – Safford
List Price: $450,000 | Gross Revenue: $500,000

Bookkeeping Practice  – Phoenix
Asking: $400,000 | Gross Revenue: $500,000

Turn-Key CPA Firm – Tucson
List Price: $399,375 | Gross Revenue: $378,229

Growing Tax and Accounting Practice – Phoenix
List Price: $363,000 | Gross Revenue: $290,500

Tax & Accounting Practice – Phoenix
List Price: $310,000 | Gross Revenue: $291,405

Arizona Tax Practice for Sale – Mesa
List Price – $277,000 | Gross Revenue $240,000

Growing CPA Firm – Chandler
List Price: $234,000 | Gross Revenue: $214,372

CPA Audit and Tax Firm – Glendale
List Price: $218,000 | Gross Revenue: $236,935

Small CPA Firm – Phoenix
List Price: $174,090 | Gross Revenue: $158,264

Scottsdale EA Firm – Scottsdale
List Price: $161,000 | Gross Revenue: $161,000

Arizona Tax & Accounting Practice – Gilbert
List Price – $160,000 | Gross Revenue: $267,000

Tax-Focused CPA Tax Firm  – Phoenix
List Price: $150,000 | Gross Revenue: $154,000

Tax, Accounting, and Payroll Firm – Mesa
List Price: $150,000 | Gross Revenue: $150,000

Virtual Accounting Practice – Phoenix
List Price: $126,500 | Gross Revenue: $115,000

Tax Practice – Wickenburg
List Price: $105,750 | Gross Revenue: $141,380

Small Tax & Accounting Firm – Prescott
List Price: $103,069 | Gross Revenue: $129,186

Small CPA Firm – Phoenix
List Price: $89,422 | Gross Revenue: $85,174

Small Accounting Firm – Chandler
List Price: $70,250 | Gross Revenue: $78,395

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