|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4062||GA||Augusta||$1,596,417||new||Poe Group Advisors|
This is a two partner, high-quality CPA firm with an exceptional staff and commitment to quality work. Cash flow to owner is greater than 50%. They offer a broad range of services for business owners, executives, and independent professionals. There is no audit or review work.
This staff is the crown jewel of the firm. They are professional, independent, ethical, organized, dedicated and collaborative. This group loves working together and have fun at work.
Each client has one staff point of contact and clients love this arrangement. Clients are very loyal and enjoy high touch, personal service. There is very little client turnover. Billing strategies include, fixed-priced monthly packages to ensure steady cash flow with very little accounts receivable.
Revenue has been steadily climbing but recent price increases are allowing for increased revenue. Firm also eliminated almost all free-standing tax returns with little impact to revenue. They are projecting a significant revenue increase in 2022 with these changes. The vast majority of clients are locked into a monthly subscription.
The ideal buyer will be a CPA with very good public accounting experience including a focus on tax and tax planning. Someone with experience in construction, trusts and estates will be helpful. Buyer will also need to have experience managing an exceptional staff. Buyer should have good interpersonal skills and the ability to demonstrate integrity in the quality of their work and communications with clients. This is a two-partner firm. Buyer will need to have the capacity to replace both partners.