|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4064||CA||San Francisco||$1,177,009||available||Poe Group Advisors|
This high-quality firm has a great reputation within the community and is known for its exceptional staff. The clientele are small businesses and middle-income tax payers. They appreciate the good service and quality work the firm provides. They are very loyal and have been with the firm for many years. Client retention is above 95%. Billing is a combination of hourly and value pricing. Clients pay at the time of service and there is very little bad debt. This firm experiences year-round revenue!
There are more than several staff members and they are the biggest asset of this firm. The owner has invested in systems and software to make the day-to-day operation very efficient. New business comes from a mix of referrals from clients, bankers, attorneys and financial advisors. Revenue has increased year over year with exceptional growth seen in 2021 and 2022.
-Client retention is above 95%
-5+ Highly competent staff
-Low owner hours
-2022 Projected revenue is $1,445,812
The ideal buyer should have good public accounting experience with a very good command of tax law. Great interpersonal skills and the ability to demonstrate integrity in the quality of their work and communications with clients. This practice has been built on a very solid foundation. The ideal buyer would be someone who can take it to the next level. Experience managing a highly competent staff will be important.