#5419 - Virtual - VIRTUAL

-Specialized EBP audit niche with 30+ years of referral-only growth from financial advisors, TPAs, and CPA firms -Fixed-fee billing collected in advance, resulting in virtually zero accounts receivable and WIP at year end -$392,010 cash flow at a 36% margin in 2025 -Four long-tenured staff (13 to 25 years) operating with full autonomy, with 10 to 15% growth capacity under the current team About this practice: Established over 30 years ago, this fully virtual employee benefit plan (EBP) audit firm has built a strong referral network and loyal client base through decades of consistent, technically precise work. The firm specializes in EBP audits, a highly regulated service area under ERISA, serving plan sponsors ranging from small companies to sophisticated organizations with seasoned CFOs and HR directors. All new business has come through introductions from financial advisors, third-party administrators, and CPA firms, with three to four active referral sources generating consistent client flow. The firm completed approximately 60 engagements in 2025 at an average fee of $16,000 per audit. Revenue has remained stable over three years, from $1,086,826 in 2023 to $1,097,602 in 2025, with a 2026 projection of $1,100,000. Seller cash flow is $392,010 in 2025 at a 36% margin. The firm operates on a fixed-fee model with fees established each December for the following year and billed in advance of audit completion, resulting in virtually zero accounts receivable and work-in-progress at year end. The owner works approximately 800 hours annually and is engaged on an as-needed basis, with the four-person team managing client relationships and engagement execution independently. Ideal Buyer: The ideal buyer is a CPA or established CPA firm with existing expertise in employee benefit plan audits or a clear commitment to building that specialty. Given the technical complexity of ERISA compliance, EBP audit experience is strongly preferred. A buyer who understands referral network cultivation and relationship-based business development will be well-positioned to sustain and grow the practice. A mid-size firm with existing infrastructure and senior leadership capacity would be well-suited to absorb this practice and capture additional EBP audit referrals from the firm's active CPA firm referral channel.