|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3403||SC||Greenville||$325,000||sold||Poe Group Advisors|
This high integrity CPA firm is a sole proprietor providing excellent services to its loyal client base. This firm has low owner hours, good cash flow, and solid systems in place. The office is about 80% paperless.
Tax work is the primary focus of this firm (there is some bookkeeping and payroll) that serves a mix of industries. There is a long-term, loyal and happy client base with great relationships. Some have been with the firm for 30+ years.
This is a very reputable, straightforward practice that is known for being responsive and for providing quality service. Owner has grown the firm slowly for work life balance. Very little marketing has been done over the past 10 years. This is a great opportunity for a new owner to expand services and the client base. In the past, when clients have grown to have more complex tax and accounting needs, owner has referred to larger firms.
The ideal buyer might have an existing practice and looking for an opportunity to grow with this quality client list. Buyer will want to have experience managing a small, capable staff. An ambitious CPA with a minimum 7-10 years of public practice experience, and with small business experience could build this practice.