Accounting & CPA Business Valuation
Accounting and CPA firms offer stable recurring revenue from tax preparation, audit, and advisory services. Client retention during ownership transitions is the key risk.
See how accounting & cpa compares — EBITDA multiples by industry, across every sector we track.
Market Overview
The US accounting services market generates over $140 billion annually. Firm consolidation is accelerating as baby boomer CPAs retire.
What PE Buyers Look For
- Recurring client relationships
- High retention rates
- Advisory service expansion
- Technology modernization potential
- Cross-sell opportunities
Valuation Factors
Value Drivers
- +Recurring client base
- +Diversified service mix
- +Staff depth and credentials
- +Low client concentration
Value Detractors
- -Owner-performed work
- -Seasonal revenue
- -High client concentration
- -No recurring engagements
Key Metrics Buyers Evaluate
When evaluating a Accounting & CPA business, buyers focus on specific metrics that indicate health, stability, and growth potential.
- 1Annual billing per client
- 2Client retention rate
- 3Service mix (tax vs. audit vs. advisory)
- 4Staff utilization rates
- 5Top client concentration
Typical Deal Structure
Accounting & CPA deals typically follow this structure:
- 60-75% cash at close
- 20-30% earnout tied to client retention
- Partner transition periods: 1-3 years
Free Business Valuation Calculator
Get an instant estimate of your Accounting & CPA business value based on industry multiples and your financial metrics.
- Instant valuation range (low, mid, high)
- Industry-specific multiples
- Valuation factor analysis
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Accounting & CPA Markets by State
Explore Accounting & CPA acquisition opportunities and market data across major states.
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