Overview
ABA Advisors represents this CPA firm located on the NE side of Indianapolis, IN. The owner desires to sell the firm and is willing to work PT for several years to help with transition.
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The Firm
The firm is a boutique firm performing both traditional tax and accounting services and special project services since 1977. Client retention has been strong with significant retention since both principals originally started. Growth for the last two years has been a strong upturn due to increased referral base.
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The firm is residing in space it has occupied for many years, and the current lease expires 12/31/25. The space has value to a purchaser due to the largest referral source residing in the same building. The current space has capacity to house 3-5 additional professional staff.
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Current billing rates for all staff range from $95 per hour for clerical/reception to $360 per hour for executive level. In addition to hourly billing, the firm assesses a software cost (currently $160) on all returns. Billing for the software charges has averaged $53,000 per year the past 5 years.
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The firm, in general, uses a project billing methodology. For clients with a primarily annual service need, they are billed once per year. The firm accepts credit card payments but has found that the majority of the client base is still traditional check payment driven.
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The current owner is desirous of slowing down but is committed to seeing a smooth transition and long-term retention to a buyer and is open to discussing buyer needs.

Business ID# IN-2106