SALE PENDING -- Midland-Odessa, TX CPA Practice for Sale

Sale Pending

Asking PriceNot Disclosed

Cash Flow
$741,870
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,303,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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SALE PENDING -- Midland-Odessa, TX CPA Practice for Sale


Sale Pending

Asking PriceNot Disclosed

Cash Flow
$741,870
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,303,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
- Three owner CPA practice in vibrant, growing community
- 40% Bookkeeping; 40% Tax Preparation (60% Individual; 39% Business; 1% Other); 4% Franchise Reports; 16% Payroll
- Cash flow to owner before potentially duplicate expenses is a solid 57% of gross revenue
- Practice utilizes PC accounting/QuickBooks, Lacerte and ATX
- One full-time CPA (in addition to owners), 1.5 FTE bookkeepers and 1 full-time administrative
- Office space can be easily transferred to new owner
- One partner is looking forward to retirement after a long, successful career,
- The other partners are looking forward to relief in their work load but still willing to work full-time
- All anticipate assisting buyer with transitioning clients to maximize knowledge transfer and client retention
Listing Info
ID
2159697
Listing Views
1577

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Business Listed by: Kevin Overberg Accounting Practice Sales

Listing ID: 2159697 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.