Let's talk.
Whether it is from fates long arm or a successful and well-planned business exit, we know that someday you will part with your business. We want to help you make your dreams come true.
$2,750,000
$726,800
$2,049,000
N/A
$15,000
N/A
$48,000
2019
The practice is based in the Western United States, with client concentrations in Arizona and Utah. The principal has expertly set up this modernized practice to operate largely without his involvement in the day-to-day, making this a prime opportunity for buyers looking to acquire a largely autonomous firm. The firm had revenue of over $2mm in 2023 and is projecting 2.3mm in 2024 with a $1,000,000 Seller Discretionary Earnings. This cloud based firm uses technology and remote employees to deliver virtually and still maintains a traditional real estate feel for clients that need a little more time to adopt to the new technology. With an emphasis on monthly accounting and client advisory, this firm has grown its recurring monthly revenue (The Crown Jewel) from roughly $25k/month to $100k/month. With over $1mm in annualized recurring monthly revenue, this is an incredible opportunity.
Arizona & Utah
Leased
N/A
Will Customize
12
All FF&E will transfer with the purchase price in this Turn-Key opportunity.
The firm maintains two legacy offices that help facilitate their semi-virtual model. There are several advantages that come with maintaining these legacy offices. The primary value is providing a peaceful workspace option for local employees, as some choose to come into the office rather than working exclusively from home. Flexible work locations and schedules have boosted employee satisfaction and efficiency. Additionally, the locations are well-known in the community and receive a non-negligible amount of walk-in business. Revenue from walk-in clients has exceeded the costs of these offices each year. While maintaining physical space comes with the cost of real property, it meets the clients where they are in the technological revolution and provides a flexible work environment for employees. Long term, buyers will need to make capital allocation decisions around real property, but the principal has made the right call to keep these while the move to virtual takes place.
The firm has experienced double digit growth rates in each of the years analyzed. This firm is poised to be an excellent platform buy for anyone interested in establishing a new footprint in Arizona and Utah or expanding their existing virtual capability. The expansion to date has largely been focused on business entity growth and specifically those businesses that need monthly accounting and advisory. This firm has the systems, staff and capacity to continue their rapid growth trajectory.
This should qualify for SBA financing and the seller will either roll 10% equity or carry a 10% seller financed promissory note.
The seller will negotiate a fair package of "familiarization" hours that will be included with the purchase price. The seller can stay to help with the transition but has other business interests they would like to pursue after a 6 month period. They are also able to act as a consultant for the new buyers at some negotiated market rate.
The seller has other business interests outside of the accounting industry. They are exiting this business to allow more time to develop these new interests.
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