SOLD – This 30-year-old practice is a rare gem due to 70% of revenue coming from mostly recurring accounting and
payroll services with the remaining 30% coming from tax preparation. Seller’s Discretionary Earnings are
expected to be ~$225,000 in 2025. The CPA owner has diligently minimized the number of 1040 returns not
related to business clients to minimize tax season stress. The firm does not provide audit, review, or compilation
services, meaning that no peer review is required. Staff are expected to be willing to stay with the practice. This
would be an ideal firm for a CPA who would like to strike out on their own or this practice could be a great
addition to an existing firm looking to expand in the Bloomington market.
The Seller is willing to assist in transitioning the clients and staff to a new owner and possibly stay on in a reduced
role. Small firms with such a revenue mix rarely come to the market. This is a perfect opportunity to acquire a
highly profitable and easy to grow practice with staff and systems in place.
