The firm is asking for $814,000 on $766,000 of revenue. This desirable location is home to great demographics for expansion, and the firm comes with several flexible acquisition opportunities that make it a perfect fit for qualified buyers. Roughly 70% tax and 30% accounting services, the business revenue is equally weighted between business and individual services. The cashflow of $402,000 gives this firm a respectable 52% margin! This business is currently part of a cost-sharing partnership. The minority partner is also willing to sell and remain as a manager or managing partner for the combined firm. This would add an additional 188,000 of revenue to the proposed transaction listed below. The seller is flexible and is open to non-CPA buyers, providing his exit goals can be accomplished. Operators with EA or CPA credentials, wealth management, aggregators and private equity are all invited to review.
Phoenix & Scottsdale, Arizona
5 Employees (3 CPAs, 1 Staff Accountant, 1 Administrator)
All furniture fixtures and equipment will transfer with the sale.
The facilities are in a well-maintained two-story garden-style office building on the border of Scottsdale and Phoenix. Upon visiting, clients are greeted by ample parking and a beautiful mountain view. After entering the building, there is an attractive courtyard and a fountain to provide a professional and calming ambiance. The lease will be active until February 2025 and provides roughly 2,200 sq/ft of office space for $4,200/month, though the seller’s portion of rent is only $2,700. Located on the boarder of Phoenix and Scottsdale, the practice is able to serve both communities. Scottsdale has some of the most advantageous income and wealth demographics in the state including the highly lucrative Paradise Valley area.
The principal has been regularly refusing new clients as he is preparing for sale. The organic growth opportunities within the firm are limitless according to the managing partner of the firm today.
The seller will carry up to 20% of the purchase price in a carryback note that is subject to retentive tendencies of the firm after sale. This gives potential buyers downside protection if some clients do not make the transfer.
The seller will provide ample training and support at no additional costs.
The seller is executing his succession plan and would exit the industry and begin his retirement.