North Shore Area of Chicago CPA Firm
The Opportunity
An exceptional opportunity to acquire a highly respected, single-owner CPA firm located in the desirable North Shore area of Chicago. Established by the founding CPA and operated continuously since inception, the firm has built an outstanding reputation, a loyal client base, and a reliable stream of organic word-of-mouth referrals. The practice boasts a strong fee structure, a nice cash flow, and an experienced, dedicated staff in place to support a smooth ownership transition. The current owner is selling in preparation for retirement but is committed to providing transition assistance to a CPA buyer to ensure client retention and operational continuity.
Key Highlights
• Location: Desirable North Shore Area of Chicago; practice can remain in its current location.
• Turnkey Practice: Experienced staff expected to remain with the firm.
• Reputation & Retention: Deep-rooted client loyalty with high retention and steady referral pipelines.
• Financial Performance: Excellent billing rates and good cash flow.
Revenue Breakdown:
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How to Buy with Confidence
Our experience in the industry makes the transaction simple.
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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