|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3836||SC||Northeast Columbia||$583,352||expired||Poe Group Advisors|
This is high-quality CPA Firm that provides tax, business advisory and accounting services to small business and individual clients. There is a commitment to service. Clients pay healthy fees and there has been exceptional growth this past year. The pandemic has created a tremendous opportunity for the firm. Many clients have needed additional services and more in-depth planning and advisory work. There has also been huge demand from new clients. Over 50 new clients have been added in 2021 with a mix of individual and small business. There are no audits or reviews. Cash flow to owner is over 50%. The potential is immense due to major growth in the area. This firm does no advertising due to the demand from new clients seeking services.
There is an exceptional staff in place. They are conscientious and hard-working, and can work on their own unsupervised. The office has a great team atmosphere with a client-centered focus on workflow and service. Staff has the ability to work from home. The owner is able to take significant time off each year and the staff maintains the office. The office space has a professional atmosphere and is in a great location for visibility and client access. Additional staff is needed to support current client demands. This firm is open year-round and does not work extraordinary hours during tax season. Typical weekly hours are 50 –60 during busy season.
It would be very easy to convert practice to a remote firm. Most workflow is operating on a remote basis with very few clients actually seen in person. Information is received through email, portals, fax and mail. Clients have adapted very well to providing information electronically.
The Ideal Buyer
The practice has been built on a very solid foundation with good people and needs a purchaser who is capable of taking it to the next level. This practice has been operating for many years with high volume and consistent clients. The ideal buyer will have a strong tax and accounting background with several years of public experience and the ability to manage a skilled team. The ideal buyer might have an existing practice and looking for an opportunity to grow in this highly desirable and growing area of Northeast Columbia, SC.