ARIZONA

A new CPA firm is available for sale in Phoenix, Arizona. The firm has $671,000 of recurring revenue with approximately 52% tax and 48% accounting and payroll with no attest services. The firm has a very high cash flow margin at 70%. The seller will carry up to a 30% of the purchase price and the seller note is subject to retention, meaning the seller will provide 30% downside protection if not all clients transfer. The firm is well diversified with no clients near 10% of revenue. Cash flow and revenue numbers are taken from the full year 2020 tax return. There has been some additional growth in 2021.