3852LABaton Rouge$415,000newPoe Group Advisors

This is a high-quality firm with outstanding client relationships and an excellent reputation in the community for over 25 years. The firm has a balanced mix of services and focuses on personal and business tax preparation, bookkeeping and payroll. There is no audit or review. There is a great workplace culture and the intelligent four employees work independently with good systems in place. Staff are empowered to handle their work independently, as much as reasonably possible. The office is paperless.
Over 75% of client relationships have been in place for more than 10 years. Repeat customers and strong referrals are the driving force with no advertising. There is very little accounts receivable and any non-profitable clients were released in 2020. The loyal clients appreciate the high-quality service, personable staff and customer care that have led to trusting, strong relationships. Workflow is managed by an efficient and effective combination of systemization and clearly defined role accountabilities.
Originally established in 1994, the owner rebranded and brought on two additional partners in 2014 to enhance system processes. The three owners have separate business and are not involved in the daily operations. A new buyer could take on the role of the current Director of Accounting, who runs the daily operations and is looking for a career change. The firm and all owners have a stellar reputation throughout the community and want to send additional referrals to a new buyer. The firm has chosen to stabilize growth and often turns down referrals, but an entrepreneurial buyer with additional capacity could easily and quickly capture these new clients.
A buyer with CPA capabilities would likely find a trove of opportunity.
Ideal Buyer
Buyer needs to be strong in individual and business tax planning, bookkeeping, and should have experience managing a small team. The ideal buyer might have an existing practice and looking to expand with this quality client list or could be a great firm for someone with 7-10 years tax and management experience. Some management experience and tax knowledge would be very helpful. If you have a history of forming trusted relationships with clients, have a good understanding of small and mid-sized business owner’s mindsets, then you can thrive here.
The firm has a positive culture and strong employee engagement; the new owner will have the ability to delegate work while providing efficient and effective support to foster this team environment.
A growth-minded buyer will be able to further capitalize on the many opportunities that exist within the firm and additional referrals from clients and partners. Owner hours are low at ~1,800/year. This is an excellent opportunity for a buyer looking for a very reputable practice, excellent team, and many built in and potential

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