Tax Partner in Phoenix at Apple & Associates

Date Posted: 11/3/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Phoenix
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/3/2018

Job Description

Well established and  highly profitable CPA firm located in the Denver area is searching for a direct entry Tax Partner. The current owner is looking to sell the practice.  Candidates must be a public accounting Tax Manager or Partner who is a licensed CPA with a FICO score of over 750 and no prior bankruptcies, in order to qualify for an SBA loan for 75% of the value of the practice. No cash is required as a private investor will put up all cash and add value in many other ways in return for a limited typical 15% equity position.

Description:

Sales asking price $2.5MM

Growing CPA Firm for Sale in Phoenix, Arizona - Single Partner firm

A well run single partner CPA firm with consistent growth, full staffing compliment, and principal willing to transition over a 2 to 3-year period is available for sale. This high margin firm has roughly 30% in consulting, 25% in tax, 20% in bookkeeping, 15% compilations and 10% review work. This longstanding firm has developed several niches within certain industry segments that continue to provide high margin work and growth. The principal reviews all work leaving the office but spends much of his time networking within the industry niches to continue the consistent growth it has achieved during its operational tenure. The current staff completes all of the daily work flow. Principal would love to take 2-3 years to transition the relationships while continuing his aggressive growth strategy. He will consider a negotiated position if the buyer desires. The cash flows stated above are from the last full year of collected revenue (2017). 2018 is already $30,000 ahead of last year through April 30th. A conservative estimate has the firm collecting $1,950,000 in 2018.