Practices for Sale
South Central, VT Practice Profile | |
| Reference No. | VT-6025 |
| Status | Just Listed! |
| Asking Price | $69,000 |
| Gross Revenue | $60,000 |
| Terms | 70 – 80% down. Remaining balance to be paid over 1 year @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Individual & Business Tax Preparation Services | $43,000 |
Accounting Services
| $17,000 |
| TOTAL | $60,000 |
| Other Information | |
| Well established tax/ write up firm is a add on for another South Central VT firm. The Practice, which utilizes Pro Series and QuickBooks software, operates out of a home office and will need to be ported to another location. Seller will provide a smooth transition after the sale. | |
Northern Vermont Practice Profile | |
| Reference No. | VT-6242 |
| Status | SOLD |
| Asking Price | $445,000 |
| Gross Revenue | $425,000 |
| Terms | Substantial down payment required. Balance to be paid over 3-5 years at prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $204,000 |
Business Tax & Accounting Services
| $221,000 |
| TOTAL | $500,000 |
| Other Information | |
| Well-established Northern,VT tax/write-up practice located in a historic district. Seller, who utilizes CCH ProSystem and QuickBooks software, owns the building and will offer a reasonable lease or a lease with an option to buy. Practice has 3 p/t employees and a high net. Seller will provide a smooth transition and consider a consulting role after the sale. | |
Southern Mid Coast, ME Practice Profile | |
| Reference No. | ME-9249 |
| Status | Available |
| Asking Price | $335,000 |
| Gross Revenue | $300,000 |
| Terms | 80 – 90% down payment required. Remaining balance to be paid over 2 years @ prime plus one. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $215,000 |
| Business Tax & Accounting Services | $85,000 |
| TOTAL | $300,000 |
| Other Information | |
| Very well established Southern Mid Coast tax/ write up practice is selling the tax portion of the practice. Returns are prepared utilizing Lacerte tax software. The office space has a lease expiring in 2022. A shared employee would consider staying on after closing. The Seller will provide a smooth transition and consider a consulting role after the sale. | |
Upper Valley, NH/VT Practice Profile | |
| Reference No. | NH/VT-9072 |
| Status | SOLD! |
| Asking Price | $160,000 |
| Gross Revenue | $150,000 |
| Terms | Substantial down payment required. Balance to be paid over 3 years at prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $xxx,000 |
| Business Tax & Accounting Services | $xxx,000 |
| TOTAL | $150,000 |
| Other Information | |
| Well-established practice is looking to sell its Upper Valley tax clients. Client sale would be a nice add on to an Upper Valley firm. Seller, who utilizes CCH ProSystem and QuickBooks software, will provide a smooth transition after the sale. | |
NH Seacoast, NH Practice Profile | |
| Reference No. | NH-1121 |
| Status | SOLD |
| Asking Price | $231,000 |
| Gross Revenue | $210,000 |
| Terms | NEGOTIABLE. 90% down. Remaining balance to be paid over 2 years at prime plus one. 7 – 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Acct’g & Payroll Services | 30,000 |
| Business & Ind Tax Prep | $180,000 |
| TOTAL | $210,000 |
| Other Information | |
| Established in 1979 in a waterfront location. The Seller utilizes Lacerte tax software and Quick Books for G/L and P/R. The office space can be leased from the owner where the practice has been located for 25+ years. An employee would consider staying on after the closing. The Seller will provide a smooth transition and would consider a consulting/production role consulting role after the sale on a fee basis. The practice is very profitable for an owner/practitioner or as an add-on practice | |
Virtual VT & NE Practice Profile | |
| Reference No. | VIR/VT/NE-9054 |
| Status | Sale Pending |
| Asking Price | $600,000 |
| Gross Revenue | $540,000 |
| Terms | 70-90% Down. Remaining balance to be paid over 3 years @ prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
| Bus Tax & Accounting Services | $ |
| Individual & Fiduciary Tax Prep | $ |
| TOTAL | $540,000 |
| Other Information | |
| Well established virtual write-up/tax practice is a good opportunity for another New England write-up/tax practice to expand its business. Seller, who utilizes _________________ and QuickBooks software, operates out of a home office. Several employees (CPA, EA, Bookkeepers) would have interest in staying on after closing. Seller will provide a smooth transition and may consider a p/t consulting role after the sale. | |
Monmouth County, NJ Practice Profile | |
| Reference No. | NJ-1254 |
| Status | Available |
| Asking Price | $350,000 |
| Gross Revenue | $320,000 |
| Terms | 25% down. Remaining balance to be paid over 5years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Individual Tax Prep | $120,000 |
| Business Tax & Accounting | $200,000 |
| TOTAL | $320,000 |
| Other Information | |
| Established Monmouth County tax/ write up firm is seeking someone, an individual or a NJ firm looking for a Monmouth County location, to buy a 40% member interest in its practice. The Practice, which utilizes Lacerte and QuickBooks software, operates out of Seller owned office space. Seller is willing to provide financing along with a smooth transition after the sale. | |
Passaic County, NJ Practice Profile | |
| Reference No. | NJ-7203 |
| Status | SOLD |
| Asking Price | $155,000 |
| Gross Revenue | $135,000 |
| Terms | Substantial down payment required. Balance to be paid over 2 years at prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Prep | $100,000 |
| Business Tax & Accounting | $35,000 |
| TOTAL | $135,000 |
| Other Information | |
| Well-established EA tax/ writeup practice is a nice start up practice or an add-on to an existing firm. Seller, who utilizes UltraTax and QuickBooks software, operates out of leased space. Practice may be portable to another location with a reasonable distance of the current location. Seller will provide a smooth transition after the sale. | |
Middlesex/Union County Area, NJ Practice Profile | |
| Reference No. | NJ-1026 |
| Status | SOLD |
| Asking Price | $220,000 |
| Gross Revenue | $194,000 |
| Terms | 75-90% down. Remaining balance to be paid over 2 – 3years @ prime plus one. 7 to 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $188,000 |
| Business Tax & Accounting Services | $6,000 |
| TOTAL | $194,000 |
| Other Information | |
| Well established tax practice is a great starter practice or a nice add on to an existing one. Practice, which utilizes Lacerte tax software, operates from a home office and will need to be ported to another location within a reasonable geographic area of the existing location. Seller will provide a smooth transition after the sale. | |
Mercer/Hunterdon City Area, NJ Practice Profile | |
| Reference No. | NJ-1182 |
| Status | SOLD |
| Asking Price | $420,000 |
| Gross Revenue | $385,000 |
| Terms | 70 – 90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-10 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $244,000 |
| Business Tax & Accounting Services | $141,000 |
| TOTAL | $385,000 |
| Other Information | |
| Well established and highly profitable tax/writeup Hunterdon County practice is a nice addition to an existing NJ practice or a satellite office for a Bucks County, PA firm. The Practice, which utilizes Pro Series and QuickBooks software, operates out of leased office space that expires in 6/23, but has a five year renewal option. Seller will provide a smooth transition and would consider a p/t tax season consulting role after the sale. | |
Passaic County, NJ Practice Profile | |
| Reference No. | NJ-7272 |
| Status | SOLD |
| Asking Price | $1,150,000 |
| Gross Revenue | $950,000 |
| Terms | 80 – 90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. 7 – 10 year outside financing available for qualified buyers with good credit and no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $246,000 |
| Business Tax & Accounting Services | $696,000 |
| Compilations, Audits & Reviews | $8,000 |
| TOTAL | $950,000 |
| Other Information | |
| Well established full-service practice is an opportunity for another NJ firm looking for a sizable practice with or an out of state firm looking for a presence in New Jersey. The Practice, which uses Lacerte, QuickBooks, Accounting Power and Payroll Relief software, operates with several f/t employees out of a seller-owned office building. Seller is willing to provide a reasonable lease, a smooth transition and would like a part time consulting role after the sale. | |
Northern Monmouth County, NJ Practice Profile | |
| Reference No. | NJ-9192 |
| Status | SOLD |
| Asking Price | $420,000 |
| Gross Revenue | $350,000 |
| Terms | 70 – 90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-10 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | xxx,000 |
| Business Tax & Accounting Services | $xxx,000 |
| TOTAL | $350,000 |
| Other Information | |
| Well established tax/writeup Practice is a nice add on to an existing one. The Practice, which utilizes Lacerte and QuickBooks software, operates out of a Seller owned office space that may have sublet potential or the practice may be portable to another office within a tight geographic area of the current location. Seller is willing to provide a reasonable lease, a smooth transition and would consider a part time consulting role after the sale. | |
Western Monmouth County, NJ Practice Profile | |
| Reference No. | NJ-7202 |
| Status | SOLD |
| Asking Price | $150,000 |
| Gross Revenue | $125,000 |
| Terms | 70-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-to-10-year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | 90,000 |
| Business Tax & Accounting Services | $35,000 |
| TOTAL | $125,000 |
| Other Information | |
| Well established tax/writeup practice is a great starter practice or a nice add on to an existing one. Practice, which utilizes Lacerte and QuickBooks software, operates from office space that may have sublet potential or the practice may be portable to another office within a tight geographic area of the current location. Seller will provide a smooth transition and would consider a part-time consulting role after closing. | |
Ocean/Monmouth County, NJ Practice Profile | |
| Reference No. | NJ-9072 |
| Status | SOLD |
| Asking Price | $120,000 |
| Gross Revenue | $100,000 |
| Terms | 70-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-to-10-year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $50,000 |
| Business Tax & Accounting Services | $50,000 |
| TOTAL | $100,000 |
| Other Information | |
| Well established practice is looking to sell the business and individual tax portions of its practice. This would be a nice add on to an existing firm. Practice, which utilizes Pro Series, Drake and QuickBooks software, operates out of a home office space that will need to be ported to another office within a tight geographic area of the current location. Seller will provide a smooth transition and wants a part-time consulting role after closing. | |
Howell/Freehold Area, NJ Practice Profile | |
| Reference No. | NJ-12100 |
| Status | SOLD |
| Asking Price | $188,000 |
| Gross Revenue | $150,000 |
| Terms | 70-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7 to 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $32,000 |
| Business Tax & Accounting Services | $118,000 |
| TOTAL | $150,000 |
| Other Information | |
| Well established writeup/tax practice is a great starter practice or a nice add on to an existing one. Practice, which utilizes ATX and Creative Solutions software, operates from office space with the potential for a sublet. Seller will provide a smooth transition and may consider a part-time tax season consulting role after closing. | |
Somerset County, NJ Practice Profile | |
| Reference No. | NJ-0614 |
| Status | SOLD |
| Asking Price | $125,000 |
| Gross Revenue | $100,000 |
| Terms | 70-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7 – 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $47,000 |
| Business Tax & Accounting Services | $53,000 |
| TOTAL | $100,000 |
| Other Information | |
| Well established writeup/tax practice is a great starter practice or a nice add on to an existing one. The Practice, which utilizes ProSeries and QuickBooks software, operates from a home office and can be ported to another location. Seller will provide a smooth transition after the sale. | |
Rochester, NY Suburb Practice Profile | |
| Reference No. | NY-9203 |
| Status | Available |
| Asking Price | $180,000 |
| Gross Revenue | $160,000 |
| Terms | Reasonable down payment required. Flexibility on remaining balance to be paid out over several years at a reasonable rate of interest. 90% ten-year outside conventional financing available for qualified buyers. |
| Client Revenue Mix | |
Individual Tax Preparation |
$112,000 |
| Business Tax Preparation | $48,000 |
| TOTAL | $160,000 |
| Other Information | |
| Well established suburban Rochester tax practice is a good starter practice or a nice add-on to an existing one. Seller owns its office building and is willing to provide a suitable lease or a lease with an option to buy. Practice, which utilizes Pro System fx tax software, has several P/T employees who may be willing to stay on after closing. Seller will also provide a smooth transition after the sale | |
Westchester County, NY Practice Profile | |
| Reference No. | NY-2285 |
| Status | Available |
| Asking Price | $1,400,000 |
| Gross Revenue | $1,200,000 |
| Terms | 80 – 90% down. Remaining balance to be paid over 3 years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
Individual Tax Preparation |
* |
| Other | $200,000 |
| TOTAL | $1,200,000 |
| Other Information | |
| Well established accounting/tax firm in Westchester County. The firm does not provide any attest services. The Practice, which uses Lacerte Tax and QuickBooks software, operates out of a partially Seller owned office space that is rentable. The Practice has a high net and 2 f/t and 3 p/t staff. The staff and Seller would have an interest in staying on after the closing. Seller will also provide a smooth transition after the sale | |
Bronx, NY Practice Profile | |
| Reference No. | NYC-1184 |
| Status | Available |
| Asking Price | $400,000 |
| Gross Revenue | $360,000 |
| Terms | 85-90% down payment required. Balance to be paid over 2 years at prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
Individual Tax Preparation |
$x,000 |
| Business Tax Preparation | $x,000 |
| TOTAL | $360,000 |
| Other Information | |
| Well-established Bronx tax/write-up practice is an opportunity for a Bronx practitioner looking for another office or a Lower Westchester practitioner looking for a Bronx practice. Seller, who utilizes Pro Series and QuickBooks software, operates out of leased office space with one staff person. Seller will provide a smooth transition after the sale. | |
Rockland County, NY Practice Profile | |
| Reference No. | NY-1264 |
| Status | Available |
| Asking Price | $500,000 |
| Gross Revenue | $400,000 |
| Terms | Terms: 85-90% down payment required. Balance to be paid over 2 years at prime plus one. 7 -10 year outside bank financing available for qualified buyers with good credit history and NO bankruptcies. |
| Client Revenue Mix | |
Business Tax & Accounting Services Individual Tax Preparation |
$300,000
$100,000 |
| TOTAL | $400,000 |
| Other Information | |
| Well-established Rockland County tax/write-up practice is an opportunity for a Rockland County practitioner looking for another practice or a Northern NJ practitioner looking for a Rockland County location. Seller, who utilizes Drake and QuickBooks software, operates out of Seller owned office space. Practice has several staff, who may have interest in staying on after the closing. Seller will provide a smooth transition after the sale. | |
Westchester County, NY (99% Virtual) Practice Profile | |
| Reference No. | NY-1234 |
| Status | On Hold |
| Asking Price | $120,000 |
| Gross Revenue | $105,000 |
| Terms | 80 – 90% down. Remaining balance to be paid over 1 year @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
Bookkeeping Individual Tax Preparation |
$6,000 $79,000 |
| Business Tax Preparation | $20,000 |
| TOTAL | $105,000 |
| Other Information | |
| Established Virtual tax/write-up firm. This Practice utilizes ProConnect and QuickBooks software. Operates out of a home office. Low owner hours <1,000 hours. The client base is primarily HNW individuals. Seller will provide a smooth transition after the sale. Buyer must be either a CPA or an EA. | |
Nassau County, NY Practice Profile | |
| Reference No. | LI-4283 |
| Status | SOLD |
| Asking Price | $315,000 |
| Gross Revenue | $250,000 |
| Terms | 80-90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. 90% Financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $100,000 |
| Business Tax & Accounting Services | $150,000 |
| TOTAL | $250,000 |
| Other Information | |
| Well established Nassau County CPA firm, utilizing Pro Series tax and QuickBooks software, is looking to sell a portion of its tax and write up clients. The Seller will offer a reasonable sub-lease at the current location to facilitate client transition, but the Practice could be portable to a nearby Nassau County location. The Seller will also provide a smooth transition after closing. | |
Rochester, NY Suburb Practice Profile | |
| Reference No. | NY-1082 |
| Status | SOLD |
| Asking Price | $255,000 |
| Gross Revenue | $200,000 |
| Terms | Reasonable down payment required. Flexibility on remaining balance to be paid out over several years at a reasonable rate of interest. 90% ten-year outside conventional financing available for qualified buyers. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $140,000 |
| Business Tax & Accounting Services | $60,000 |
| TOTAL | $200,000 |
| Other Information | |
| Well established tax practice, in a Rochester suburb, is looking to sell a large portion of its tax clients. Seller owns its office building and is willing to provide a suitable lease or a lease with an option to buy. Practice, which utilizes Pro system fx tax software, has several P/T employees who may be willing to stay on after closing. Seller will also provide a smooth transition after the sale. | |
Rochester, NY Suburb Practice Profile | |
| Reference No. | NY-1111 |
| Status | SOLD |
| Asking Price | $72,000 |
| Gross Revenue | $66,000 |
| Terms | Reasonable down payment required. Flexibility on remaining balance to be paid out over 2 years at a reasonable rate of interest. Limited outside conventional financing available for qualified buyers. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $45,000 |
| Business Tax & Accounting Services | $21,000 |
| TOTAL | $66,000 |
| Other Information | |
| Well established tax practice, in a Rochester suburb, is a nice add-on to an existing Practice. Seller, who uses the Pro system fx tax software on-line version , operates out of a home office and the practice will need to be ported to another location within a reasonable distance from the current location. Seller will also provide a smooth transition after the sale. | |
Brooklyn, NY Practice Profile
| |
| Reference No. | NYC-8620 |
| Status | ON HOLD |
| Asking Price | $650,000 |
| Gross Revenue | $500,000 |
| Terms | 80 - 90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. Outside conventional financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $475,000 |
| Business Tax & Accounting Services | $25,000 |
| Other Accounting Services | $ |
| TOTAL | $500,000 |
| Other Information | |
| Well established Brooklyn tax practice is a good opportunity for a firm looking for a second office in the Brooklyn area or an add on to an existing Practice. This Practice, which uses Drake and QuickBooks software, has 10 F/T & P/T employees and operates out of a seller owned office building. The Seller will provide a reasonable lease to the Buyer, Seller will provide a smooth transition after the sale. | |
Central Suffolk County, NY Practice Profile | |
| Reference No. | LI-5043 |
| Status | SOLD |
| Asking Price | $420,000 |
| Gross Revenue | $340,000 |
| Terms | 80-90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. 90% Financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $277,000 |
| Business Tax & Accounting Services | $38,000 |
| Financial Services | $25,000 |
| TOTAL | $340,000 |
| Other Information | |
| Well established Suffolk County tax/write up Practice is a good opportunity for someone looking for a Suffolk County location or an add on to an existing practice. The Seller, who utilizes Drake and QuickBooks software, has 3 staff who have interest in staying on after the sale. Seller, who owns the office building and would prefer to sell the building as part of the sale, will also provide a smooth transition after closing. | |
Central Suffolk County, NY Practice Profile | |
| Reference No. | LI-4081 |
| Status | SOLD |
| Asking Price | $335,000 |
| Gross Revenue | $250,000 |
| Terms | 60-90% down payment required. Remaining balance to be paid over 3 – 5 years @ prime plus one. 90% financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $50,000 |
| Business Tax & Accounting Services | $200,000 |
| Other Tax Services | |
| TOTAL | $250,000 |
| Other Information | |
| Well established Suffolk County CPA firm is looking to sell most of its business clients. The Practice, which utilizes Lacerte and QuickBooks software, can provide some internal support to the Buyer after the sale. Seller, who owns the office building, will offer the Buyer a reasonable office lease in addition to providing a smooth transition after closing. | |
DC/MD/VA Practice Profile | |
| Reference No. | DE/MD/VA-7193 |
| Status | SOLD |
| Asking Price | $130,000 |
| Gross Revenue | $112,000 |
| Terms | 90% down. Remaining balance to be paid over 1 year @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Accounting Services & Business Tax | $10,000 |
| Individual Tax Preparation | $102,000 |
| TOTAL | $112,000 |
| Other Information | |
| Well established VIRTUAL CPA firm with client concentration in the DC/MD/VA area. The Practice, which utilizes CCH Pro Sys FX tax software, operates out of a home office and will need to be ported from the current location. Almost all clients are serviced through the firm’s web portal. The Seller will provide a smooth transition and may consider a seasonal p/t consulting role after the sale. | |
Bethesda/Rockville Area, MD Practice Profile | |
| Reference No. | MD-1074 |
| Status | SOLD |
| Asking Price | $155,000 |
| Gross Revenue | $135,000 |
| Terms | 80 – 90% down. Remaining balance to be paid over 1 year @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Business Tax Prep | $22,000 |
| Individual Tax Preparation | $113,000 |
| TOTAL | $135,000 |
| Other Information | |
| Well established tax/write-up firm is a good add on opportunity for another local Montgomery County firm or a firm looking for a Montgomery County location. The Practice, which utilizes Lacerte and QuickBooks software, operates out of a home office and will need to be ported to another location. Seller will provide a smooth transition after the sale. | |
Frederick County Area, MD Practice Profile | |
| Reference No. | MD-1034 |
| Status | ON HOLD |
| Asking Price | $85,000 |
| Gross Revenue | $70,000 |
| Terms | 90% down. Remaining balance to be paid over 1 year @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Accounting Services | $9,000 |
| Individual & Business Tax Preparation | $61,000 |
| TOTAL | $70,000 |
| Other Information | |
| Well established VIRTUAL CPA tax/write-up firm, looking to sell all of its non-estate & trust related clients, is a good add on opportunity for another local Frederick County firm or a firm looking for a Frederick County location. Almost all clients are serviced through a web portal. The Practice, which utilizes UltraTax and QuickBooks software, operates out of a home office and will need to be ported to another location. Seller will provide a smooth transition after the sale. | |
I-95 & 695 Corridor, MD Practice Profile | |
| Reference No. | MD-9264 |
| Status | Available |
| Asking Price | $210,000 |
| Gross Revenue | $180,000 |
| Terms | 80-90% down. Remaining balance to be paid over 2 years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Accounting Services | $75,000 |
| Individual & Business Tax Preparation | $105,000 |
| TOTAL | $180,000 |
| Other Information | |
| Well established tax/ write up firm, looking to sell its Baltimore County office, is a good add on opportunity for another Baltimore County firm or a firm looking for a Baltimore County location. The Practice, which utilizes UltraTax and QuickBooks software, operates out of leased office space that expires in July 2025. Seller will provide a smooth transition after the sale. | |
Eastern Shore, MD Practice Profile | |
| Reference No. | MD-9073 |
| Status | On Hold |
| Asking Price | $300,000 |
| Gross Revenue | $250,000 |
| Terms | 40-60% down. Remaining balance to be paid over 3 -5years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Accounting Services & Business Tax | $70,000 |
| Individual Tax Preparation | $180,000 |
| TOTAL | $250,000 |
| Other Information | |
| Very well established Eastern Shore tax/ write up firm is seeking to sell a select group of its clients or an equivalent interest in the firm. The Practice, which utilizes Lacerte and QuickBooks software, operates out of Seller owned office space. Seller is willing to provide a reasonable lease along with a smooth transition after the sale. | |
Laurel/Columbia Area Buy-In, MD Practice Profile | |
| Reference No. | MD-8302 |
| Status | Available |
| Asking Price | $270,000 |
| Gross Revenue | $200,000 |
| Terms | 80-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7–10 year commercial financing available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Accounting Services | $12,000 |
| Individual Preparation | $188,000 |
| TOTAL | $200,000 |
| Other Information | |
| Well established tax/ write up practice is seeking a practitioner to purchase up to a 20% stake or $200k of a $1 million firm, Seller is looking for an energetic individual, who wants an ownership interest which can grow over time. Practice utilizes UltraTax and QuickBooks software. Seller owns the office space which can accommodate the new member. | |
Bethesda – Rockville Area, MD Practice Profile | |
| Reference No. | MD-6092 |
| Status | SOLD |
| Asking Price | $85,000 |
| Gross Revenue | $75,000 |
| Terms | 50-70% down. Remaining balance to be paid over 2 years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
| Accounting Services | $23,000 |
| Business Tax Preparation | $52,000 |
| TOTAL | $75,000 |
| Other Information | |
| Well established Capital Area tax/ write up firm is seeking to sell a select group of its clients. The Practice, which utilizes ProSeries and QuickBooks software, operates out of a home office and will need to be ported from the current location. Seller will provide a smooth transition after the sale. | |
Baltimore, MD Practice Profile | |
| Reference No. | MD-10248 |
| Status | Available |
| Asking Price | $245,000 |
| Gross Revenue | $205,000 |
| Terms | 80-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7 to 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual & Form 1041 Tax Preparation Services | $102,000 |
| Business Tax & Accounting Services | $103,000 |
| TOTAL | $205,000 |
| Other Information | |
| Well established practice, with good fees and near a major highway, is a nice add on to an existing practice. The Seller owns the building and will provide a reasonable office lease. Tax returns are prepared using Tax Wise software. Seller will provide a smooth transition after the sale. | |
Washington DC Practice Profile | |
| Reference No. | DC-6231 |
| Status | SOLD |
| Asking Price | $375,000 |
| Gross Revenue | $300,000 |
| Terms | 70-90% down. Remaining balance to be paid over 3 years @ prime plus one. 7-10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual & Fidcuciary Tax Preparation Services | $165,000 |
| Business Tax & Accounting Services | $135,000 |
| TOTAL | $300,000 |
| Other Information | |
| Well established tax/ write up firm in the Capitol. Practice, which has four employees and utilizes Pro Series and QuickBooks software, may be ported within a reasonable distance from the current location. Seller will provide a smooth transition after the sale. | |
North Central Montgomery County, PA Practice Profile | |
| Reference No. | PA-860C |
| Status | Available |
| Asking Price | $450,000 |
| Gross Revenue | $365,000 |
| Terms | 70-90% down. Remaining balance negotiable with Seller. Bank financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual & Business Tax Services | $268,500 |
| Accounting & Bookkeeping | $96,500 |
| TOTAL | $365,000 |
| Other Information | |
| Well established write-up/tax practice is a nice add on to an existing PA firm. Practice, which utilizes ATX & CCH software, operates out of owner owned office space. One full-time and three part-time employees contribute to very nice profitability. Seller will provide a smooth transition after the sale and will consider staying on after the closing in a reduced capacity. | |
Lower Makefield Area, PA Practice Profile | |
| Reference No. | PA-1264 |
| Status | Available |
| Asking Price | $270,000 |
| Gross Revenue | $238,000 |
| Terms | 80 – 90% down. Remaining balance to be paid over 2 years @ prime plus one. 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Individual & Business Tax Services | $164,000 |
| Accounting Svcs & Bus Tax + Other | $51,000 + $13,000 |
| TOTAL | $238,000 |
| Other Information | |
| Established CPA firm in Bucks County is a good opportunity for an existing Bucks County firm or a firm seeking a Bucks County presence. The Practice, which utilizes Pro Series and QuickBooks software, operates out of leased Seller office space. Several employees would have interest in remaining on after closing. Seller will provide a smooth transition after the sale. | |
Route 80 Corridor, Northeast, PA Practice Profile | |
| Reference No. | PA-625C |
| Status | ON-HOLD |
| Asking Price | $1,500,000 |
| Gross Revenue | $1,500,000 |
| Terms | Negotiable. Bank financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual & Business Tax Services | $750,000 |
| Audits & Reviews | $750,000 |
| TOTAL | $1,500,000 |
| Other Information | |
| This well-established full-service practice is a good opportunity for a firm looking for an additional office in the Route 80 corridor or an add on to an existing local Practice. This Practice, which uses CCH Axcess, Engagement, Knowledge, and QuickBooks software, is fully staffed with 5 fulltime Accountants and 3 administrative employees. The practice operates out of a leased office building. The lease is assumable. The Practice could be ported to an existing office within a reasonable distance from the current location. Seller will provide a smooth transition after the sale. | |
Berks County, PA Practice Profile | |
| Reference No. | PA-524C |
| Status | Available |
| Asking Price | $199,000 |
| Gross Revenue | $195,000 |
| Terms | Negotiable with the Seller financing a portion of the sale price. Bank financing is available to qualified buyers with good credit and no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $114,000 |
| Business Tax Preparation / Payroll | $60,000 / $21,000 |
| TOTAL | $195,000 |
| Other Information | |
| This is a very well-established tax practice serving the Berks County community. The practice uses Lacerte software. 95% of clients are within 25 miles of Berks County. They operate with one full-time employee and two part-time employees out of a commercial office space owned by the Seller. The first years rent will be covered by the Seller. The Seller will provide a smooth transition after the sale. | |
Bucks County, PA Practice Profile | |
| Reference No. | PA-90000 |
| Status | Available |
| Asking Price | $330,000 |
| Gross Revenue | $300,000 |
| Terms | 70 – 90% down. Remaining balance to be paid over 2 years @ prime plus one. 5 –7 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Accounting Services | $75,000 |
| Individual & Business Taxes | $225,000 |
| TOTAL | $300,000 |
| Other Information | |
| 67 year old practice in Buck County, 9 years under current ownership. A solid turnkey practice in a great location with staff, or a satellite office for a firm looking in Bucks County. The Practice, has several employees who would consider staying on after closing. Seller will provide a smooth transition. | |
Southern Montgomery County, PA Practice Profile | |
| Reference No. | PA-1031 |
| Status | SOLD |
| Asking Price | $145,000 |
| Gross Revenue | $129,000 |
| Terms | 70-90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-10 year financing at competitive rates available to qualified buyers with good credit history and NO prior Bankruptcies. |
| Client Revenue Mix | |
| Individual & Fidcuciary Tax Preparation Services | $65,000 |
| Business Tax & Accounting Services | $64,000 |
| TOTAL | $129,000 |
| Other Information | |
| Well established tax/ write up practice is a great starter practice or a nice add on to an existing one. Practice, which utilizes ProSeries, QuickBooks and Sage software, operates out of leased office space and may be ported to another location within a reasonable distance from the current location. Seller will provide a smooth transition and may consider a part-time tax season consulting role after closing. | |
Scranton Area, PA
| |
| Reference No. | PA-1114 |
| Status | SOLD |
| Asking Price | $420,000 |
| Gross Revenue | $380,000 |
| Terms | 70 % to 90% down. Remaining balance to be paid over 2 years @ prime plus one. 7-to-10-year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Accounting Services | $257,000 |
| Ind & Bus Tax Prep | $123,000 |
| TOTAL | $380,000 |
| Other Information | |
Well established writeup/tax practice is a nice add on to an existing Northeast PA firm. Practice, which utilizes QuickBooks and Drake software, operates out of leased office space with an assumable lease. Seller will provide a smooth transition and may consider a part-time tax season consulting role after closing. | |
Berks/Schuylkill Counties, PA
| |
| Reference No. | PASI-6172 |
| Status | SOLD |
| Asking Price | $299,000 |
| Gross Revenue | $250,000 |
| Terms | 70 % to 90% at closing with the remainder to be paid over 3 years @ prime plus one. |
| Client Revenue Mix | |
| Individual 1040’s | $210,000 |
| Business Returns & Misc. | $40,000 |
| TOTAL | $250,000 |
| Other Information | |
With a motivated seller, this practice has been serving clients and the community for over 40+ years. This Tax practice is a sole proprietorship with hundreds of clients. The practice is portable within a reasonable distance. This practice uses ATX software. The Seller will provide a smooth transition after the sale. | |
Monroe/Northampton County Area, PA
| |
| Reference No. | PASI-6109 |
| Status | SOLD |
| Asking Price | $685,000 |
| Gross Revenue | $546,000 |
| Terms | 80 – 90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. Outside conventional financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $188,000 |
| Business Tax & Accounting Services | $358,000 |
| TOTAL | $546,000 |
| Other Information | |
| Well established tax/write-up practice, located in a Northhampton County business district, is a turn key operation for a firm looking for a second office or a sole practitioner looking to make a move to another level. The Practice, which uses CCH Pro Series and QuickBooks software, has 3 f/t employees, who would be willing to stay on after the sale. Seller, who owns the office building, prefers to sell the premises outright, but may consider a reasonable lease with an option to buy. The Seller will provide a smooth transition and may consider a part time consulting role after the sale. | |
Philadelphia, PA Practice Profile
| |
| Reference No. | PA-7211 |
| Status | On Hold |
| Asking Price | $1,300,000 |
| Gross Revenue | $900,000 |
| Terms | 80-90% down. Remaining balance to be paid over 1 years @ prime plus one. |
| Client Revenue Mix | |
| Individual & Fiduciary Tax Services | $500,000 |
| Business Tax & Accounting Services | $400,000 |
| TOTAL | $900,000 |
| Other Information | |
| Well established extremely profitable tax, accounting and consulting firm. Practice uses CCH ProSystem FX and QuickBooks software. Seller will work part time and assist with the transition of the Practice after the sale. | |
Lehigh County, PA
| |
| Reference No. | PA-8420 |
| Status | SOLD |
| Asking Price | $265,000 |
| Gross Revenue | $220,000 |
| Terms | 80 – 90% down payment required. Remaining balance to be paid over 3 years @ prime plus one. Outside conventional financing available for qualified buyers with no prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $109,000 |
| Business Tax & Accounting Services | $111,000 |
| TOTAL | $220,000 |
| Other Information | |
| Very well established tax practice, with high net worth clients, is a good opportunity for a firm looking for a second office in Lehigh County or a simple add on to an existing Practice. This Practice, which uses UltraTax and QuickBooks software, operates with 1 P/T employee and has an office lease expiring in December 2020. The Practice can be ported to an existing office within a reasonable distance from the current location or lease can be arranged with the Landlord. Seller will provide a smooth transition after the sale. | |
Bucks County, PA
| |
| Reference No. | NASI-1212001 |
| Status | SOLD |
| Asking Price | $65,000 |
| Gross Revenue | $50,000 |
| Terms | 70–80% down. Remaining balance to be paid over 3 years @ prime plus one. Financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $35,000 |
| Business Tax & Accounting Services | $15,000 |
| TOTAL | $50,000 |
| Other Information | |
| Well established tax/ write up firm in Bucks County with 0, full/part time employees. Seller utilizes QuickBooks and ATX software. No office space is available. Seller will provide a smooth transition and consider a part time consulting role after the sale. | |
Eastern Montgomery County, PA Practice Profile | |
| Reference No. | PA-06026 |
| Status | Available |
| Asking Price | $685,000 |
| Gross Revenue | $595,000 |
| Terms | 75-90% down. Remaining balance to be paid over 3 years @ prime plus one. 7 to 10 year financing at competitive rates available to qualified buyers with good credit history and NO prior bankruptcies. |
| Client Revenue Mix | |
| Individual Tax Preparation Services | $xxx,000 |
| Business Tax & Accounting Services | $174,000 |
| TOTAL | $595,000 |
| Other Information | |
| Well established Eastern Montgomery firm with 3 FT/PT employees, who may have interest in staying on after closing. Firm is peer reviewed and has a professional niche. Practice, which utilizes ProSeries tax software and QuickBooks, has an assumable 2 year lease . Seller will provide a smooth transition and wants an employment and rainmaking situation after closing. | |
Lake County, IL Practice Profile | |
| Reference No. | IL-1044 |
| Status | ON-HOLD |
| Asking Price | $155,000 |
| Gross Revenue | $140,000 |
| Terms | 80-90% down. Remaining balance to be paid over 2 years @ prime plus one. Short term financing options at competitive rates may be available to qualified buyers with a good credit history. |
| Client Revenue Mix | |
Accounting Services Other | $61,000 $12,000 |
Individual & Business Tax | $67,000 |
| TOTAL | $140,000 |
| Other Information | |
| Well established tax/ write up firm is a good start up or add on opportunity for another Lake County practitioner or a firm looking for a Lake County location. The Practice, which utilizes TaxAct and QuickBooks software, operates out of leased office space that may be assumable. Bilingual fluency is a big plus. Seller will provide a smooth transition after the sale. | |
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