SOUTH CAROLINA

This CPA firm has a history of consistent strong revenue growth, reflecting a strong foundation and great community relationships. The fantastic and collaborative staff, who are both dedicated and highly skilled, contribute to a work environment that fosters teamwork and work life balance. Known for their responsiveness, staff ensure that client needs are addressed promptly and effectively. This keeps client retention strong. With new clients calling every week, there is tremendous potential for continued growth and expansion. Owner cash flow has continued to increase with consistent annual revenue growth of over $100,000.

The majority of the billing is value billing with many clients on monthly payment. There is very little AR. All prices are increased annually by 7-12 % and there is a client portal for document upload. The bulk of revenue comes from bookkeeping, business tax and personal tax.

This firm has a fantastic reputation for genuinely knowing and caring for clients. Clients love that they talk to real people when they call the office and will receive a response within 24 hours to any communication. This firm also has close referral relationships and has managed to grow exponentially while being very selective.

Highlights:
-Consistent revenue growth with annual fee increases of 7-12%!
-Several long term staff (incredible retention) and loyal client base
-Fantastic community relationships that generate a steady stream of new client referrals.
-Under 2,000 owner hours
-2023 annual gross is $639,161 and 2024 Projection is $740,000, cash receipts are up 14% YTD
-Many clients are billed monthly with great monthly cashflow
-Growing owner cash flow- In 2024 it is at 42%

Ideal Buyer:
A designated CPA with substantial expertise offering public accounting and tax services would be the ideal buyer. To guarantee the retention of both clients and staff, they should be proactive and receptive. It is important to possess both a strong commitment to client service and practical business expertise. The ideal buyer will appreciate the well-established procedures, devoted staff, and exceptional clientele. A person with a growth mindset could boost the company’s achievements even more. The owner’s objective has always been to run a top-tier CPA business that provides unwavering client care and high-caliber work with effectiveness and individual attention.

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