WELLESLEY AREA CPA PRACTICE FOR SALE
Gross $1,000,000+. Staff of seven includes four CPA's. All long-term employees. Easy transition as employees partially run the firm. Sale is financeable with SBA loan.
Date Posted
May 01, 2022
Gross $1,000,000+. Staff of seven includes four CPA’s. All long-term employees. Easy transition as employees partially run the firm. Sale is financeable with SBA loan. Please send your response to Kristin Wells at kwells@masscpas.org.
Market
- Please list your firm’s top 5 practice areas (by revenue): Tax - Individual Tax - 1120S Tax - 1065 Audit & Reviews Tax - 1120, 1041, 706, 709
- Please list your firm’s gross revenues for the past 5 years: year 2016 - $601,985 year 2017 - $1,209,917 year 2018 - $1,167,071 year 2019 - $1,161,162 year 2020 - $1,094,35
Leadership & Staffing
- Single owner or multiple owners?: Single
- How many owners will want to remain a part of the practice after the sale?: 0
- How many leaders (not including owners) are there?: 1
- How many leaders (not including owners) will want to remain a part of the practice after the sale?: 0
- Will you be selling outright and plan to retire?: Yes
- How many existing technical staff are willing to stay after the sale?: 7
- How many existing administrative staff are willing to stay after the sale?: 1
Financing
- Will you consider financing over time?: No (Only cash up front)
Location
- Are you willing to relocate?: No