First, a note from our President and Founder:

"As we head into fall and the holiday season, I felt it important to take time and reflect on the year thus far and give thanks. Thank you to my amazing team for pushing through the uncertainty of this time, all while never missing a beat. Thank you to my family and friends for the unwavering support (and cheerleading). And thank you to those reading this newsletter for your continued interest in our services.

While the pandemic has seemed to throw countless curve balls our way, many of the “silver linings” can be found that, without the trials and tribulations this unprecedented time has presented, may never have come to fruition. Whether you “traded” commute hours for more time with your children, family, or friends, moved your workspace to your happy place (i.e. working remotely from anywhere), take this time to celebrate, knowing that whether you are growing your business or looking to transition into retirement soon, we are in this together."

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

Working with professionals interested in buying or selling a business, we get asked many questions regarding the lending process, such as:

• What banks do you recommend for SBA-financed loans?
• What are the general requirements for obtaining an SBA loan?
• How long does the financing process take?
• What information will most banks require?
• How long does the closing process take?

To help answer these and other lending questions, we created a helpful and informative resource that can be easily accessed on our website at any time. 

For the answers to all of your lending process questions, check out our Lending Process FAQ.

Listing 1135

Established in 1977, this Washington tax and accounting firm has built an outstanding reputation due to its integrity, service, and the personal attention that is paid to each client. The Practice’s service by revenue breakdown is 94% Tax Preparation, 3% Consulting, 2% Financial Statement Review and 1% Bookkeeping. In 2020, the Practice reached an impressive gross revenue of $694,920. Of its ~550 active clients, it is estimated that 95% will remain with the Practice after transition to new ownership. Additionally, there are four (4) loyal staff members who are amenable to helping the Practice continue to thrive. With dedicated staff and proven YoY growth, this is one opportunity you don’t want to miss.

Listing 1163

Established tax practice located in Bend, Oregon ready for new ownership. Since 2001, the practice has offered high-quality tax preparation and planning services to the Deschutes County area. The firm is owner-operator with a historical revenue by service breakdown of 93% tax prep/tax planning and 7% payroll.  With approximately ~300 active clients representing 308 tax returns in 2020, this is a great opportunity for the right buyer to expand his/her existing practice and or venture out on their own.  

Listing 1166

For over 29 years, this Clark County, Washington tax and accounting firm has offered a wide range of tax and accounting services to both business and individual clients. The Practice’s service by revenue breakdown is 58.8% Tax Prep and 42.8% Accounting. The Practice has experienced year-over-year growth each of the last two years with an incredible 19.6% increase from 2018-2019 and a 6.7% increase from 2019-2020 even amidst the pandemic. Of its ~548 active clients, it is estimated that 95% will remain with the Practice after transition to new ownership. Including the owners, the Practice has five experienced and dedicated staff members. Take advantage of this great opportunity before it's too late.

Listing 1170

For over 28 years, this King County tax and accounting firm has provided tax, accounting, and financial services to countless clients. The Practice’s service by revenue breakdown is 74% Tax, 20% Accounting, and 6% Financial and Consulting. The Practice is known for its incredible staff of six (6) who continually deliver excellent customer service to its ~1500 active clients. As a result, the Practice has a very strong client base and receives many word-of-mouth referrals. The Practice has an incredibly high percentage of seller’s discretionary earnings (SDE) to revenue (57%) which makes this a lucrative opportunity for any buyer. The weighted projected gross revenues are over $1M with over $575,000 in SDE. Contact us for more information today - this listing won't last long.

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