Practice for Sale

State: Washington

County: King

City: Auburn/Kent area

Status: Sold

Annual Gross:  $626,000

This practice was started by the current owner more than 30 years ago. The services and revenue are pretty evenly balanced between tax compliance work and accounting work, which results in stable year-round revenue. Average fees on tax returns are very strong with a $1,253 average on 1040 returns, a $3,000 average on 1120/1120S returns, and a $3,000 average on 1065 returns. The practice clientele is a typical mix of individuals, individuals with small businesses and rentals, corporations and partnerships, with a niche in construction. A staff of several professionals work with the seller to complete all of the tax and accounting work the clients require. The seller is looking forward to retirement, but will be available to assist the buyer through transition as needed.

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