Let's talk.
Whether it is from fates long arm or a successful and well-planned business exit, we know that someday you will part with your business. We want to help you make your dreams come true.
$1,320,000
$521,000
$1,100,000
N/A
$15,000
N/A
$52,600 per year
1988
A truly exceptional longstanding CPA firm in the Southeast Valley. The Arizona based firm has good cash flow margins (SDE), loyal clients, and an extraordinarily high-quality book. This firm has carved out a niche for itself by offering its clients a quality of service and response typically associated with small firms but with the expertise of a large firm. The firm has assembled a formidable client list with many clients exceeding 50 million in revenue who take advantage of the financial statement services, tax services and advisory services this firm offers. With four exceptional employees and a principal who is willing to stay on as a managing partner or production employee for 3-5 years, this firm offers built-in capacity and expertise that few on the market can boast. The principal is asking $1.32 million on $1.1 million of recurring revenue. Principal forecast for 2023 is $1.2 million.
Chandler, Arizona
Leased
2000
Custom to Buyer Needs
4 Full Time Employees in Addition to the Principal
The sale price included all tangible assets currently in use at the firm in addition to the intangibles.
The facilities are in an easily accessible building in an upscale business office complex. Neighboring companies in the complex are all highly skilled professionals by trade, such as attorneys, physicians, and accountants. The current practice occupies roughly 2,000 square feet and there is additional space available should a buyer need more space.
The principal has a large network of referring professionals. The practice is only limited in growth by the available staff with very large up-side potential. The existing principal is willing to stay on as Managing Partner or in a production role but would enjoy taking on a rainmaking role to continue to bring in high caliber clientele and grow the firm.
This will qualify for SBA or conventional financing with the existing cash flow. The seller is also willing to carry up to 20% of the purchase price subject to retentive tendencies of the clients & revenue after sale.
The selling principal will stay on to help with the transition and generally familiarize the buyer with the business, clients and staff.
The selling principal is pursuing his succession plan in anticipation of retirement.
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