Midland-Odessa, TX CPA Practice for Sale
| Cash Flow: | $741,870 |
| Gross Revenue: | $1,303,000 |
- Three owner CPA practice in vibrant, growing community
- 40% Bookkeeping; 40% Tax Preparation (60% Individual; 39% Business; 1% Other); 4% Franchise Reports; 16% Payroll
- Cash flow to owner before potentially duplicate expenses is a solid 57% of gross revenue
- Practice utilizes PC accounting/QuickBooks, Lacerte and ATX
- One full-time CPA (in addition to owners), 1.5 FTE bookkeepers and 1 full-time administrative
- Office space can be easily transferred to new owner
- One partner is looking forward to retirement after a long, successful career,
- The other partners are looking forward to relief in their work load but still willing to work full-time
- All anticipate assisting buyer with transitioning clients to maximize knowledge transfer and client retention
