SOLD Accounting & Tax Practice

SOLD – ABA Advisors represents this tax and accounting practice located in Denver, Colorado (Tech Center Area). The seller is of retirement age and wishes to sell the practice. The seller is willing to provide assistance to help smoothly transition client to a new owner.

This practice is in an affluent and desirable area of the city near highways, shopping, and dining. The firm has strong average fees and very attractive margins. This practice is a perfect opportunity for a CPA to strike out on their own or could also be a great addition to an existing firm. The practice has a blend of individual and business returns with no single client representing over 10% of Revenue. There is one accounting client and the balance of firm revenue comes from tax services. No audit, compilation, or review services are provided at the present time. These services, as well as payroll and write-up offer opportunities to provide additional, year-round income. The owner was the Managing Tax Partner at a large Colorado practice and sold their ownership to begin this firm which has an excellent reputation for client service and has seen managed growth over the past 26 years. The owner is looking for a capable CPA to take over and write the next chapter of the firm’s story.

Most clients are located in the Denver Metro area with only about 25 out of state 1040 clients. Revenue mix is well-diversified with no client represents more than 10% of annual revenue and there is no concentration in a particular industry. 100% of clients drop off tax information.