|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4065||WY||Wyoming||$771,000||new||Poe Group Advisors|
This firm has a fully remote staff and clientele. This is a cloud based firm without a physical location. This practice has experienced exceptional growth in the last several years and client feedback has been excellent. The high level staff is very reliable and responsive to clients and clients are loyal. This firm is committed to helping clients understand the health of their business and are dedicated to their success. All clients have engagement letters and 90% are on autopay.
The mix of services include, bookkeeping, compilations, tax, reporting, forecasts and consulting. There is no audit or review work. Owner hours in this practice are very low, creating opportunity for a new owner to grow the business or enjoy a great lifestyle. New business could come from additional services or added clients. Tax and tax planning could be expanded. Currently marketing for this firm is largely through customer referrals.
Buyer must be forward-thinking, open-minded, and enthusiastic about running a very different kind of accounting practice. The buyer will need to have CFO or Controller experience. They should be invested in the client’s success. Experience managing a remote team will be important. An entrepreneurial mindset will be helpful with the clients. Buyer should be a big picture thinker and want to help clients with their strategy for growth. The ideal buyer would have an advisory role for small businesses.