#4965 - Raleigh - NORTH CAROLINA

This is a well-established and profitable (70%) full-service CAS and tax firm that works with both small and medium-sized businesses. This is a highly professional CPA practice with excellent staff who operate in a collaborative, professional environment with minimal supervision. Cloud platforms, along with practice management software, provide the owner critical insights into the practice while also providing clients with excellent value and a great client experience. This firm provides a full range of accounting and tax services, including bookkeeping, tax planning, payroll and consulting. The practice has earned a strong reputation as the ‘go-to’ firm for accounting and tax services along with consulting work. The client portfolio is demographically solid and secure with most clients having been with the practice for 3-10 years. The seasoned staff are recognized for their innovative, out-of-the-box solutions, ensuring they meet each clients' unique needs effectively. Additionally, the firm is located in a dynamic, fast-growing region and has experienced strong growth in recent years. The firm operates in a primarily paperless environment and the team has tech savvy professionals to provide high-level client service. The practice utilizes a combination of in-house and remote options. This has allowed the practice to be operationally efficient and wage cost efficient. It has also allowed the practice to scale quickly while ensuring workloads and capacity remain ideally balanced. This stellar staff and solid reputation will be an incredible asset to a buyer. • Can easily move to 100% remote (only owner and 1 staff go into a work space. Staff person comes infrequently and clients are virtual) • 2024 Cashflow is $1,400,000. Cash flow to owner is 70%! • Tenured staff has been with the firm over 4 years (Senior Staff include an several EAs and a CPA) • Accounting & Consulting Services account for 59% of the service mix. • Strong fees include business tax average of $1,600 and personal tax $850 • Highly systematized bookkeeping and tax practice with strong future growth opportunities! Ideal Buyer: Buyer can be remote. Owner is a very charismatic and out of the box thinker. A buyer who is proactive and loves to think of creative solutions for clients should excel here. An ideal buyer should also have strong general business knowledge and experience managing a team of employees. The firm's clients are familiar with quality work and stellar service; the new owner should have the capability and personality to continue to build on these existing and new relationships. A buyer should have the ability to delegate work while providing efficient and effective support to foster this team. A growth-minded buyer is essential – the practice has a proven track record of consistent growth. The buyer should have the ability to grow at a strong pace and have experience in growth management. The ideal buyer type could be a very experienced CPA, an established firm, a PE firm, or group of CPAs (15+ years in public practice) with excellent management experience that can grow this firm to the next level. Most importantly, the right-fit Buyer should recognize the long-term value of the practice. They’ll see the practice not just as a business acquisition, but as a strategic leap into a high-growth market with a standout brand and built-in operational engine ready to scale.