|ANNUAL GROSS $
|PRIVATE SALE / BROKER
|Poe Group Advisors
This firm originally started as a bookkeeping and payroll firm but has quickly expanded its new tax advisory services. The tax advisory services revenue has continued to rapidly increase each year and has many additional opportunities! The client base consists of real estate agents, construction, small business owners and entrepreneurs. This firm uses cloud-based systems which the clients love and enables the staff to work from local and remote locations. Established relationships with industry partners create an ongoing referral stream that the owner has maintained for his/her preferred size and workload. The long-established client portfolio is stable, and desirable. The reputation within the community is outstanding and is known for being innovative, responsive, and the staff take great pride in saving their clients significant taxes. No review or audit work is currently being done.
-Consistent revenue growth with 2022 projections of $435,000
-Cashflow to owner is over 50%
-Long term, loyal clients with many referrals
-Rapidly growing tax advisory services
-Firm is up 10% year over year in gross receipts
A buyer can be an EA or CPA. The ideal buyer should be forward thinking and willing to run a very different kind of accounting practice. A buyer with management experience would be able to continue teaching the staff. A buyer with an entrepreneurial spirit can quickly expand services with current clients. The clients are very loyal and often refer new business; the new owner will have the capability and personality to continue to build on these existing and new relationships. Majority of clients are in the local area so a buyer in the area would be a bonus. The client base has been refined over time to include high quality clients.
A Buyer ready to scale the practice will be able to take advantage of the referrals and overall availability of business that regularly comes to the firm.