|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3407||CT||Litchfield County||$415,000||sold||Poe Group Advisors|
This is an established bookkeeping and tax practice with dedicated staff and a diverse client base. Clients are incredibly loyal, and many have been with the firm for several years. The core practice is small business clients from a range of industries including various construction-related trades, service industries, not-for-profits and real estate, as well as individual tax clients.
The firm has a solid marketing strategy and the revenue trend is growing. Cash flow to owner is 45%+. Clients are generally billed by the hour with a minimum fee. Quick Collect has most clients paying on time.
The office culture is relaxed but professional and efficient. Staff are knowledgeable and highly capable of carrying out their assigned duties. Procedures and software are in place to ensure efficient workflow and quality control. Most business clients submit their work digitally with an in-person follow-up session. Individual tax clients come to the office.
The practice enjoys an excellent reputation for great client service, and strong client relationships. The staff work hard to ensure that each client feels valued and cared for. The firm has a strong community presence with many connections for the buyer to take advantage of.
The ideal buyer will be technically qualified to take on the existing clients and will have the ability to lead the team of highly capable employees. They will see value in being an active member of the community and will be both charismatic and friendly. The buyer will be willing to go the extra mile to encourage their clients and ensure that all their needs are met. A Buyer who is willing to get involved in the local business community and continue networking will be able to grow the business nicely.