|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4372||SC||Myrtle Beach||$650,000||expired||Poe Group Advisors|
This CPA firm is located in the beautiful Myrtle Beach area and is well known in the community for its personal service and relationships with its clients. This practice is 33% personal tax and 64% business clients (includes bookkeeping and payroll). This firm has seen amazing growth over the last several years, all through referrals from the Myrtle Beach area. The staff work very well together and the systems in place keep everyone on track and work gets done in a timely manner.
If a buyer is looking for a well-staffed, efficient practice in a rapidly growing market, this one is not to be missed! 2023 projections are $650,000. The owner has continued to implement strategic changes resulting in 126% increase in billings through May 2023 (comparing through May 2022) 2023 numbers will far exceed both gross income and profitability from 2022!
-20% increase in revenue for 2022, consistently 16%+ year over year growth
-Over 10 high quality staff members, some remote employees
-Loyal and long-term clients with a diverse industry mix
-New implementations are bringing additional revenues with current clients and new clients
The ideal buyer would be well versed in tax and accounting services with individuals and small business clients. The buyer should be outgoing and personable with a client service mindset. An entrepreneurial buyer would do very well to grow this already profitable firm. CPA required. Strong public accounting experience along with good general business knowledge is required. A buyer must have management experience to successfully lead this qualified team. A buyer looking for high growth company will do well in this environment.