Practice for Sale
State: Washington
County: King
City: Duvall
Status: Sold
Annual Gross: $600,000
This tax and accounting practice in North King County is a real gem and has been providing services to the region since 1979. It has a good balance of tax compliance and preparation services (59% of revenue) and accounting/bookkeeping services (37%), which results in stable year-round revenue. The practice has a strong referral base bringing in many new clients every year to add to the mix of long-term, loyal clients including many multi-generational families. The seller plans to retire and move out of the area, but is committed to the buyer's success and will be available to support the buyer through transition.
Note: The seller owns the office space and wishes to sell it along with the practice. This significantly improves the buyer's borrowing power with lenders.
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