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Tax Partner in Springfield at Apple & Associates

Date Posted: 1/14/2019

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Job Description

Well established and  highly profitable CPA firm located in Southern IL 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 or EA 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.

Practice contains a seasoned staff, including 4 CPAs, along with a stable and well-rounded client base. DESIRED ASKING PRICE: 110% x Annual Gross Billings based on a 1 year client retention plus equipment. OFFICE INFORMATION: Monthly Rent: $2,100 Sq. Feet: $2,885 Lease Assumable: Yes - Seller Owns FMV of Equipment: Negotiable DESCRIPTION OF OFFICE: Professional 1 story brick office building which the seller owns. Individual offices, conference room with room for expansion if desired.


Sales asking price $800K. Revenue: $740K. Net income available to buyer prior to debt servicing: $270K.


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