Highly profitable CPA, accounting and tax firm for sale in southern MN. This accounting firm offers a full range of accounting services from audits to payroll to over 1600 clients. With 2 partners and 4 full time staff this firm has a solid reputation and great customer list. 5 additional staff come on to handle the work during tax season. 95% of tax clients drop off tax information vs coming in for face-to-face meetings. This firm has a niche position in the public/non-profit audit market. Current owners are willing to stay on for a short or extended time frame to help with the transition to new ownership. Spin-off, Book of Business Buy, or Roll-up acquisition opportunity.
Included in the asking price is the building the firm is located in. The building is 12,000 sq ft, including 4,000 sq ft that are used for the practice itself. Additional 8,000 sq ft are flex/storage area. The seller would consider removing the building from the sale and add a long-term lease for the new owner. Office area and front of building have been remodeled to have a modern feel. Latest remodeling effort was in 2015. There is ample parking for the customers with street parking in the front of the building. Centrally located in a bustling community, this firm's building portrays a professional atmosphere.
By increasing advertising or bidding more aggressively on government on no-profit contracts could bring increased revenues. The current owners have not been aggressive in winning bid work, nor have they been aggressive with marketing.
The accounting industry is competitive but this company has a long standing reputation for quality work in its surrounding area which keeps old and new customers coming in. There are other major players in the same market as this firm and this firm is among the largest in its market area.
Owners are executing their retirement plan.
Will train for 2 weeks 2 no cost. The accounting firm offers a full spectrum of services including corporate tax returns, individual tax returns, bookkeeping, audits and payroll processing. This firms main revenue streams are tax returns and bookkeeping/payroll processing. Both of the partners are CPA's, as is one other staff person. The CPA credential is required to continue audit services. All CPA's in the firm are members of the MNCPA Society, and most are members of the AICPA.