Business Description

This well-established tax and accounting practice near Youngstown, in operation for 40 years, with strong revenues of $455,000 and Seller’s Discretionary Earnings (SDE) of $211,000 in 2023, is up for sale as the owner plans to retire. The services primarily focus on business tax and accounting, accounting for 80% of revenue, including monthly and quarterly accounting work. Client concentration is low, with no single client contributing more than 10% of revenue. The team comprises a qualified CPA, an office manager, and a receptionist, who are expected to stay on with the new owner. This practice presents a lucrative opportunity for a CPA looking to venture into independent practice or for an existing firm seeking expansion. With a solid revenue stream and well-rounded team in place, this business is poised for seamless ownership transition. The favorable mix of business tax and accounting services, along with a diverse client base, ensures stability and growth potential for the prospective buyer.