Norman CPA Firm

SOLD

This long-established firm in Norman offers a nice fee structure and a large number of business clients. While the CPA sellers are approaching retirement, they are seeking a CPA buyer and will be available for a smooth transition. The practice can remain in its current location and has a well-trained staff in place.

Asking Price

$340,000

Annual Gross

$340,000

Revenue Breakdown:

26% Accounting, bookkeeping, and payroll

42% Income tax preparation services for individuals

25% Income tax preparation services for business clients

2% Income tax preparation services for other clients

5% QuickBooks subscriptions and miscellaneous

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How to Buy with Confidence

Our experience in the industry makes the transaction simple.

Icon of person with options surrounding them

Phase 1:

Locating a Firm to Purchase

Start by analyzing your strengths to determine the ideal firm size and client mix for you. Assemble your team of advisors, get pre-approved for financing, and begin identifying acquisitions that are the right cultural and professional fit.

Phase 2:

Negotiations and Due Diligence

Bring a fair offer to the table that addresses price, terms, and any employment contract for the seller. After executing an offer or LOI, conduct a thorough review of tax returns, financials, and client demographics to confirm the firm's value.

Phase 3:

Closing and Transition

Finalize your closing documents, fund the purchase, and begin building relationships with clients and staff. A clear transition plan — often with the seller staying on briefly to assist with client retention and a smooth handoff.

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