GA4408 Practice Profile

Practice Description

Revenue Mix

Profit & Loss Information

This established and well-balanced South Georgia CPA Practice would be an attractive opportunity for a local firm or out-of-area firm seeking a South Georgia footprint. The partners are open to  an extended transition arrangement depending on the needs of the eventual buyer.  This is a highly profitable practice with a diversified revenue mix...Don't wait on this opportunity!  Contact us today, and ask about Financing Programs available for this practice purchase.

1: Individual Tax

2: Business Tax

3: Accounting

4: Audit/Consulting

5: Other Services

GA4408Chart2_edited.png
2013
2014
2015
2016
Gross Revenue
$836,083
$734,148
$794,618
$797,009
Operating Expenses
Employee Wages (Excluding Owner/s)
$124,674
$115,067
$107,773
$119,476
Sub-Contractor/Consulting Expenses
Lease Expenses
$69,600
$69,600
$69,600
$69,600
Supplies & Office Expenses
$23,957
$28,081
$29,472
$27,780
Utilities & Telephone Expenses
$21,469
$21,121
$23,382
$23,340
Other Operating Expenses
$150,029
$157,446
$143,995
$163,242
____________
____________
____________
____________
Adjusted Cash-Flow
$446,354
$342,833
$420,396
$393,571

2016 Revenue Breakdown

Service
Revenue
Revenue %
# Clients
$ / Clients
Individual Tax
$212,000
27%
520
$407.69
Business Tax
$161,660
20%
229
$705.94
Accounting
$204,502
26%
21
$9,738.14
Audit & Consulting
$98,650
12%
15
$6,576.67
Other Services
$120,197
15%
____________
____________
____________
Total
$797,009
100%
785

Employee Information

Employee
Years Emp.
Comp.
FT / PT
Billing Rate
Partner
49
$128,403
FT
$200
Partner
45
$137,747
FT
$200
Partner
41
$146,353
FT
$200
Bookkeeper
25
$51,768
FT
$55
Bookkeeper
1
$40,633
FT
$55
Receptionist
3
$26,081
FT
$35

Office Information

The office is a 5,000 sqft. stand-alone 2 story building that is owned by the partners. The building is located in an attractive office complex.

Other Information

Software: Lacerte, ProSystems, Quickbooks, Creative Solutions (depreciation), Time Click, PPC Smart