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CPA sole practitioner for merger/sale

Practice Details: This firm has a great Minnesota lake country location and has been in business over 30 years with an excellent area reputation and loyal client base. The practice has a stable revenue history which is nicely balanced. The proprietor is ready to sell or merge and would consider some financing.

2019 Financial Results: Gross revenue $583,000; 33% Business tax preparation/annual financial statement services; 27% Personal tax preparation; 40% Bookkeeping and payroll services; Sole owner discretionary cash flow 40% of gross. Owner believes there are other significant economies in a merger.

Personnel: Key Staff will stay on with new owners. The proprietor will be available for an extended transition to provide tax season support and transition support to optimize client retention.

Facilities: Building is seller owned, will sell or lease to buyer.

Company confidential. Send responses to advertising@mncpa.org or Blind Box #5928 MNCPA, 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. Please reference Blind Box #5928 in your response.

Posted: Thursday, September 03, 2020

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