Western Mass Sole Practitioner Desiring to Retire

Western Mass sole practitioner desiring to retire at the end of this upcoming tax season. this is an ideal practice for a practitioner looking to establish their own practice or to expand an exciting practice. This 40 year old practice is primarily tax preparation individual, corporate, partnership and trust returns. Gross annual billings have been over $500,000 for the past few years, even with the discontinuance of financial statement preparation 2 years ago. There is great potential of expansion in both the tax and financial areas. The existing corporate work is evenly spread throughout the year and the existing staff is interested in remaining with the firm. The price is negotiable, and the owner is willing to assist in ensuring a successful transition.

Please list your firm’s top 5 practice areas (by revenue): Individual tax, Corporate (C and S) tax, Partnership Tax, Trust Tax, Bookkeeping and payroll services

Please list your firm’s gross revenues for the past 5 years: 2016 $469,000; 2017 $475,000; 2018 $473,000,; 2019 $500,000; 2020 $491,000: 2021 $504,000; 2022 projected at $516,000

Single owner or multiple owners?: Single

How many owners will want to remain a part of the practice after the sale?: willing to assist in successful transition

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?: 3

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

Will you consider financing over time?: Yes

Are you willing to relocate?: No