|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4066||VA||Richmond||$512,008||new||Poe Group Advisors|
This firm is a well-established firm with long-standing clientele. This accounting practice is located in Richmond, VA and has recently converted all clients to the cloud. Clients are currently meeting virtually and most clients upload files to a portal. This is a mostly paperless office, but some clients do still drop off paper documents which are then digitized by firm staff. Only about 15% of clients still meet in person.
This firm is built on trust, and the staff love to work closely with their clients. Since the staff are seen as trusted advisors, customer leads are brought through referrals, networking and community involvement.
- Cash flow to owner over 50%
- Cloud software in place
- 60% of clients have been with the firm for 10+ years
An entrepreneurial buyer could continue growing this firm through existing referrals from this exceptional client base. Additional opportunities for growth would be created by a buyer that is willing to deepen relationships with the successful business owner clients currently served by the practice.
Someone with good interpersonal skills and who will genuinely appreciate the staff and clients will be able to continue the growth of this firm. A buyer that enjoys variety in their work will do well here. The business allows for multiple revenue streams, so your office can continue to have an income, even when it’s not tax time.
The services provided are in high demand and will give the buyer an opportunity to capitalize on the growth trend that the seller has established.