$27,000 per year (customized to need)
This firm operates primarily in a virtual manner but maintains one office in a Northern Arizona community. The office is staffed by a branch manager and staff accountant. The selling partners own the real estate and will sell the building or will create a custom lease for "only" the space needed by the buyer. The firm has good margins, loyal clients, and is priced to sell rapidly! The firm produced $686,000 in tax revenue and $406,000 of accounting/bookkeeping revenue in 2022. Eight exceptional employees (mostly remote) will transfer with the sale and selling partners are willing to commit to a transitional plan. This firm offers built-in capacity with the exception of the retiring principal. The selling partner is asking $585,000 on $1,000,000 of recurring collected revenue (An Incredible Value)!
For sale or lease - Seller will create a lease of only the space needed by the buyer.
1,670 square feet
There are 8 employees in both part time and full time status that will transfer with the sale.
All of the furniture, fixtures and equipment will transfer with the sale and is included in the purchase price. The best asset of all however are the very loyal clients.
Located on a major arterial with high visibility, this 1,670 sq/ft facility resides within a well-maintained two-story business complex. The office space is owned by the seller and can be acquired in the sale for an additional $150k or leased at a competitive market rate. The building includes three standard offices and three larger offices, alongside a reception area, sitting area, bathroom, and kitchen. One of the larger offices is currently being rented out to another business, but the other offices are generally available to be used by any employee who desires to come to the office to work. The reception area is staffed by the office manager, but the virtual nature of the firm means that many of the offices are open to be filled with additional capacity, if the buyer desires. The seller is willing to design a flexible leasing plan that fits the needs of the buyer. This could include renting out any configuration of the office to match the specific needs of the buyer. Such a customized lease allows the buyer to bring in as much or as little additional capacity as desired.
There are tremendous growth opportunities in the Verde Valley. Sedona, Cottonwood, Jerome, and Camp Verde just to name a few are all growing communities with an economic base. These communities are starving for professional tax offices. The selling firm has been referring new clients out to other firm as it simply cannot keep up with the new opportunities that present themselves.
The seller is only asking $585,000 for over $1,000,000 in revenue and is willing to carry 50% of the purchase price. They will also provide 100,000 of downside protection.
Both partners are willing to participate in the transition and help to familiarize the buyer with the practice and its employees and clients but will also serve as the buyers biggest supporters in convincing clients to make the switch. The principals will spend up to 80 hours on transitionary activities as required by the buyer.