|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3458||TN||Nationwide/Virtual||$1,000,000||expired||DW Business Brokers LLC|
Absentee/Remote Ownership Opportunity - Asking Price: $1,600,000
Great opportunity for absentee or remote ownership. This is a well established firm with over $900,000 in annual revenue and a high annual growth rate. Revenue for 2020 expected to be greater than $1,000,000. The client base is focused on small-to-medium sized businesses and high net worth individuals. Services are very balanced with 65% being monthly accounting and advisory services and 35% being derived from tax planning and tax return preparation. Average of 20% Annual Growth over last 5 Years. Cash flow is 30-40% of gross and there are systems in place to improve this year-over-year.
Real Estate: Leased Building SF:4,400, Lease Expiration:3/15/2021
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities: Excellent office facilities with building available for sale separately if desired.
Competition: The firm grows rapidly every year, but the systems were built from the ground up to scale with the growth. We add new clients every week and know that we can perform their services.
Growth & Expansion: The market is large and competitive, but we have implemented marketing strategies that have placed the firm on a path to consistent growth every year.
Financing: Subject to bank requirements. We can connect you to the top industry lender.
Support & Training: The firm uses an outsourced management team and transition assistance will be available for as long as needed or assistance to transition into absentee or remote ownership.
Reason for Selling: Moving and focusing on other ventures.