|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3711||MA||Massachusetts||$927,402||expired||Poe Group Advisors|
This is a well-established CPA firm with an exceptional reputation. Significant growth has been entirely organic with steady referrals earned through quality work and excellent service. Engagements include business and individual tax, tax advisory, business consulting, and some bookkeeping. Profit is historically strong and steady, currently on track at 60% for 2021. Owner hours are low at approximately 1800/year. The client portfolio is primarily high-net-worth individuals and professionals. Client industries are diverse and stable. Clients are long-term and loyal, appreciating the team support approach that the firm provides. Staff are highly capable, personable, and work both independently and collaboratively with little supervision. Staff are client-facing and have helped in the development of the firm’s long-term client relationships. The staff are one of the firm’s greatest attributes and will be very valuable for the buyer. Most staff are long-time sub-contractors who value their role, opportunity, and future within the firm. Systems and platforms are modern allowing efficient and productive workflow and a paperless environment. The office is ideal, recently built out as an accountancy-specific environment. Staff and clients enjoy a modern and bright atmosphere in a very desirable professional building. Location is excellent, in the midst of a large client market. The office is fully accessible, and easily accessed both locally and by major routes. Along with this firm’s success to present are the opportunities that are ahead. The owner has identified several opportunities that a buyer can pursue. This is an exceptional opportunity for a buyer looking for an established and profitable turn-key firm with a very desirable client portfolio, amazing team, and significant growth opportunities.
The ideal buyer will be a CPA with proven experience in the areas of the firm’s service offerings. The buyer will also have a strong general business knowledge. Experience in managing staff in a team environment, and a team approach to service will fit the firm and the clients. A buyer who is very personable will likewise fit the culture that the firm maintains, along with the client relationships that have been earned through personable service. The buyer will recognize the qualities that make the client portfolio desirable, and will have experience and ability to service this and similar future clientele.