Tax and Accounting Practice for Sale.

Featured on BusinessForSale.com . 17 viewed

Asking Price

$740,000

FOR SALE - ACTIVE

Detailed Information

Location

Geneva, Illinois, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This profitable tax and accounting practice, located in a prime western suburbs area of Chicago, is set to yield nearly $300,000 in Seller's Discretionary Earnings for 2023. With a significant revenue growth over the past seven years, and a diverse client base, the firm boasts a strong average fee structure. The team comprises two CPAs, an office manager, and seasonal support staff, all expected to remain onboard under new ownership, provided the current or nearby location is maintained. As the owner nears retirement and seeks greater flexibility, the practice is up for sale. The owner is committed to facilitating a seamless transition of clients to the new owner and is open to various post-sale arrangements, excluding a leadership role in the firm. The business is a mix of individual and business returns, with no client contributing more than 5% of revenue. This well-established tax and accounting practice in the western suburbs of Chicago presents a lucrative opportunity for a new owner. With a solid financial performance

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