#5272 - Charlotte, NC - VIRTUAL

Cloud-based tax and accounting book of business, including $9,175 in monthly recurring revenue in addition to tax prep and other hourly services.

As our firm has grown into a retainer-based model focused on full-service CFO, accounting, and advisory services, we’re selling a segment of our client base receiving tax prep and bookkeeping work that no longer aligns with our strategic direction.

The clients included in this sale are primarily business clients, accustomed to fully remote, cloud-based service and communication via email and our practice management system, Canopy.

This package is ideal for a solo practitioner or firm seeking to acquire high-quality business and personal relationships with a solid mix of recurring revenue and project-based revenue.

Client package includes:
- Business clients - 58 total, average annual revenue $4,813 per client
- Individual/trust clients - 13 total, average annual revenue $887 per client

Revenue Breakdown by Service:
- Tax preparation (all return types) – $140,350 total revenue
- Monthly bookkeeping and tax prep (7 clients, flat fee charged monthly) - $110,100 annual revenue
- Hourly bookkeeping – $18,970 total revenue
- Tax planning (hourly) – $21,244 total revenue

Other information:
- Asking price is $360,000.
- The ideal buyer is a CPA or has a CPA on staff that will interact with clients.
- We use Canopy for our client portal and Drake Tax software. All client interaction is virtual using cloud-based software.
- We have one part-time tax accountant ($42/hr, avg 15-20 hours per week during tax prep season) who preps tax returns, who may go with the sale depending on buyer needs. The staff has appropriate licensure to get power of attorney for clients, and also handles some client meetings.
- Our primary bookkeeping staff (who does work for our monthly bookkeeping clients) will be staying with our firm. We do have other part-time contract bookkeeping support that may be helpful for the buyer.
- The current firm owner spends an average of 5 hours per week reviewing tax returns and meeting with clients throughout the year.
- We are open to seller financing over a 2-3 year period with an appropriate down payment.
- Target close date is before December 31, 2025.

We also receive regular inbound inquiries from businesses below our minimum engagement threshold and are happy to refer those leads to the acquiring firm.