|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3701||WA||Washington DC||$350,977||expired||Poe Group Advisors|
This generalist practice provides comprehensive advisory counseling for accounting and tax for both businesses and individuals. This is a firm for the 21st century! The firm focuses on bookkeeping, tax revenue and advisory services. An exceptional reputation for quality service and customer care has fostered strong organic growth with little advertising. Client and industry referrals along with selective client onboarding have resulted in a desirable and loyal client base. The team often advises on multiple areas of their clients finances building strong, long term relationships.
Owner works longer hours during tax season but off season, low owner hours while the reliable team runs the majority of the workflow. Workflow is managed by an efficient and effective combination of systemization and clearly defined role accountabilities. A casual but professional atmosphere, flexible scheduling, and autonomous management style create a desirable culture for team members. Modern and secure systems provide remote functionality and layers of redundancy. Owner hours are low at ~1,700/year. This is an excellent opportunity for a buyer looking for a very reputable practice, excellent team, and many built in and potential growth opportunities.
A buyer who wants a tech forward company would do well with this growing firm. Buyer needs to be strong in individual and business tax planning, bookkeeping, and should have experience managing a small team. Clients expect an owner who has experience reviewing financial statements and being conversational with clients lives and finances. Buyers should expect to work hard during tax season but enjoy flexible work hours on the off season. The firm has a positive culture and strong employee engagement; the new owner will have the ability to delegate work while providing efficient and effective support to foster this team environment. Controller experience would be ideal to expand this business and could take it to the next level. A growth-minded buyer will be able to further develop the firm’s reputation and capitalize on the many opportunities that exist within the firm.