CO1007: The sellers of this CPA firm are approaching retirement. The firm offers a good mix of work with a large number of business clients, a nice cash flow to the owner and stable revenues. The firm is well known and well established, and the owners will be available for a smooth transition.
Revenues from the business include:
28% Accounting, bookkeeping, and payroll
43% Income tax preparation services for individuals
27% Income tax preparation services for business and other clients
2% One review financial statement and other miscellaneous revenues
Retirement of shareholders