CPA Practice for Sale

There are positives and negatives about the concept of purchasing an existing CPA practice for sale. The basis of the concept is that accounting clients typically stay as customers for many years in the future. So even though you pay a multiple of the earnings of the CPA practice for sale, this is less than the revenu stream you expect to come in for the next several years.

So what is wrong with buying a CPA practice for sale?

Generally the pratitioner who is selling the practice is older, and thier clients are also. So you may be banking on the next ten years of revenue yet on average it is much less than anticipated. This is why there are often targets that need to get hit in order to be sure that there are no surprises down the road.