$700,000
N/A
$708,000
N/A
$5,000
N/A
$10,200 annually
2013
This is an opportunity to step into an established outsourced accounting and fractional CFO firm in Tucson, Arizona, built over a decade from a single client into roughly $700,000 of recurring revenue. The firm recently added tax compliance to the roster of services they offer and had excellent growth of that business line in the last two years. The seller is asking for a 1x multiple with $150,000 down and an earn-out, so the buyer pays for the revenue they keep and encounters less risk in the transaction. We have listed the ask price at $700,000 but the actual price will be based on an earnout so the price is actually variable. The firm is poised to do over $800,000 this year with tax growth, a few new clients and pricing increases. The selling principal does not participate in the normal production cycle but acts as a rainmaker and administers the firm, and manages the staff.
Tucson, Arizona
Leased on a month to month basis
800
Month to Month
3 full-time employees
All of the tangible assets of the firm will transfer with the sale.
The firm operates from three adjacent suites on a month-to-month lease. There is currently one more suite than the firm needs. A buyer can eliminate one suite and conduct business from two, relocate to new facilities, or fold the practice into existing space if the move is within reason. The facilities are located in East Tucson but there is no particular tie to its current location.
The firm has experienced growth through price increases over time, new clients being added each year and also the addition of tax compliance to the mix of services. The principal acts as the rainmaker to bring in new clients but also has good client referrals and obtains new clients through its website and social media presence. There are plenty of new opportunities for a growth oriented owner.
The firm is offering a buyout structure of an earnout with $150,000 down. They are requesting the equivalency of a 1x multiple on sales but this is paid overtime as the revenue comes in making the purchase price variable. This structure lowers the buyer's risk as the buyer only pays for the revenue it receives over time. Its rare to find a recurring opportunity like this with an earnout structure. While the term of the earnout is negotiable, the seller prefers one that would be paid in 3 or 4 years.
The seller will work with the buyer on transition and will provide familiarization hours for free as a part of the purchase price.
The seller is retiring and moving out of the country.
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