SOUTH SHORE ACCOUNTING AND TAX PRACTICE

CPA Principal considering retirement through acquisition/merger. Gross annual revenues of high six figures consisting of outsourced accounting and consulting services and tax compliance and planning. No attestation services. Hybrid work environment for staff. Principally technology-based clientele, both US and international. Excellent opportunity to add a profitable service offering to an existing practice. Negotiable terms and transition plan. Please reach out to Kristin Wells at kwells@masscpas.org.

Please list your firm’s top 5 practice areas (by revenue):

• Outsourced accounting services
• Interim and Part-time CFO services
• Compliance tax services
• Tax planning

Please list your firm’s gross revenues for the past 5 years:

• 2022 - $1,014,000
• 2021 - $874,000
• 2020 - $878,000
• 2019 - $892,000
• 2018 - $809,000

Single owner or multiple owners?: Single

How many owners will want to remain a part of the practice after the sale?: one, during transition period

How many leaders (not including owners) are there?: 4

How many leaders (not including owners) will want to remain a part of the practice after the sale?: 4

Will you be selling outright and plan to retire?: Yes

How many existing technical staff are willing to stay after the sale?: 5

How many existing administrative staff are willing to stay after the sale?: 0

Will you consider financing over time?: Yes

Are you willing to relocate?: No