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495/MetroWest Region Accounting Practice
Tax and accounting CPA practice is for sale in the 495/MetroWest region of Massachusetts. The firm provides tax preparation services for individuals, estates and trusts, corporations, and partnerships, as well as estate and gift tax returns. The firm is well-established and has been operating for over 30 years. During this time, they have built a large base of repeat clients. The firm does no advertising or marketing and has maintained its client base through exceptional service and word of mouth.
The firm has a dedicated full-time staff and several seasonal helpers who have assisted during tax season for many years.
The firm is profitable and has the opportunity to grow and be more profitable. The firm does not currently provide bookkeeping, payroll, or consulting services. The addition of these services could produce additional sources of income outside of tax season and increase the firm’s profitability.
The owner is looking to retire and can assist with the transition to a new owner. This is a terrific opportunity to acquire an established accounting practice with a solid client base. This acquisition would be a great fit for a newer accountant looking to establish themselves or an established firm looking to increase market share.
Please contact us for more information. We have prepared an informational memorandum including full details about the firm and its financials. This listing is confidential and as such we will require a non-disclosure agreement to be signed prior to providing additional information.
Listed By: Douglas Cabral
Background information
Reference:
68564583-DC
Reason selling:
Owner is retiring
Finance
Sales:
$1,118,066
Profits:
$323,421.71
Profit type:
Discretionary Earnings
Operations
Employees:
Five (5) Full-time employees and Three (3) Seasonal contractors
Premises
Facility:
The firm occupies a 2,400 sq. ft. space located on a major roadway with great visibility.
Square footage:
approximately 2,400
Opportunities
Growth:
A new owner could significantly increase revenues and profits by accepting an increase in the volume of clients and incorporating additional services such as bookkeeping, payroll, and business consulting.
Market:
There is a shortage of accounting services available in the area. The business does no advertising or marketing and routinely turns away new customers because they don't need the additional volume.
Price and terms
Price:
$1,120,000
Training:
The owner can assist with a transition period on mutually agreeable terms.