New Central Virginal CPA Practice for Sale Listing VA2066

Prince Edward County, VA
listing image
Asking Price:$1,000,000
Gross Revenue:$1,000,000
Cash Flow:$350,000
Rent:$4,600/Month
BUSINESS DESCRIPTION

LISTING NUMBER VA2066

Geographic Location: CENTRAL VIRGINIA

Practice Details: Nice diverse CPA practice located in Central VA but not far from a major metro area. Gross revenues were just over $1 million in 2023 and were balanced between Tax prep (54%) and Write ups (27%) to provide year-round income. Will be a nice practice for a CPA that wishes to start their own firm or would make a profitable addition to another established firm looking to expand in this market.

List Price: $1,000,000

Annual Revenue: $1,000,000
Owners Cash Flow: $350,000
Revenue breakdown: Individual and Business tax: 54%, Write up: 27%, & Payroll 7%

Facilities: 12 offices + reception area + conf room = 4500 sq feet, rent is $4590 monthly
and triple net

Staff: 2 CPA owners + 2 accountants within staff of 7 FT

Software: QB, QBO, Acct CS, Caseware, Practice CS, Ultratax CS, Windows 10


DETAILED INFORMATION
Location
Prince Edward County, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,500
Employees
9
Facilities
Facilities: 12 offices + reception area + conf room = 4500 sq feet, rent is $4590 monthly and triple net Furniture and Equipment: all computers, desks, file cabinets, and server phone system come with the practice.
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Willow Whitney
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Willow Whitney