Profitable CPA Firm with Long-Standing Client History

The company is a highly successful accounting firm located in Lancaster County, SC, and presents a unique opportunity for a motivated Certified Public Accountant (CPA) seeking to own and operate their own practice.

Key Features:
- A loyal clientele base, including long-standing local businesses and individuals.
- A dedicated team of employees.
- An impeccable reputation, highlighted by long-standing and high-profile clients.

The company's core service is business and personal tax returns, accounting for approximately 70% of annual revenues for the firm. Other major revenues for the firm are derived from bookkeeping and payroll services for approximately 25-30 business clients.

Total Sales: $390,000

Cash Flow: $107,000

FFE: $30,000

FFE Included: Yes

Year Established: 1973

Employees: 3

Square Footage: 2000

Reason For Sale:

Retirement

Training & Support:

The owner is committed to a successful transition to a new owner. The current owner has offered to spend 2-weeks of dedicated, in-person time with the new owner as the new owner requires. Additionally, in the event the new owner requires support beyond 2 weeks, the current owner will provide support on a consulting basis at a negotiated rate.

Potential Growth:

The Carolinas are experiencing rapid population and economic growth, leading to an increased demand for CPAs in the surrounding Charlotte metro areas. Small CPA firms in the area have indicated that they have approached capacity, signaling a thriving market with ample growth opportunities. Furthermore, CPA firms can diversify their service offerings to include advisory services, up-to-date compliance education, training, and various consulting opportunities.