Practice located in:

Status:

Northern Westchester County

On Hold

About this

practice

Practice ID:

NY-1121-22

Well-established Westchester County area accounting and tax practice. CPA owned with a 65% plus net. The practice is family owned; the seller took ownership in 1980. Clients are a balance of small professional businesses and individual tax clients. The practice is presently using Ultra Tax and Quickbooks. The practice operates out of a well-established professional office building leased by the seller. It may be possible to take over the lease or port the practice to any reasonable distance within 10 miles or so. The seller will support a strong transition of the clients. The seller may stay on as needed to perform accounting and tax work for reasonable compensation. There is one valued employee who works on a full-time basis who can stay on.

reason for selling

Retirement

location

Located in:

Northern Westchester County

Sales details

Annual Revnue:

$400,000

Sales Price:

$550,000

Terms:

50-80% down. Remaining balance paid over 3 years @ prime plus one. Outside conventional financing (up to 90% ten-year) is available for qualified buyers.