SOUTHERN WORCESTER COUNTY FIRM

Long established firm is seeking successor for retiring owner. Great faithful client base with businesses from many different sectors. Not-for-profit engagements in the summer and fall. Owner willing to finance and stay on during the transition. Asking $600k. Billings $490k. Please respond to kwells@masscpas.org.

Market Top 5 practice areas

• Individual Tax 40%
• Business Tax 20%
• Trust and Not-for-Profits 15%
• Comps, Reviews & Audits 15%
• Bookkeeping/payroll 10%

Gross revenues for the past 5 years

• 2021 490,000
• 2020 474,000
• 2019 431,000
• 2018 421,000
• 2017 424,000

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?: 0

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?: 1

How many existing administrative staff are willing to stay after the sale?: 1

Financing Will you consider financing over time?: Yes

Location Are you willing to relocate?: Yes