Certified Public Accounting (CPA) Firm
Asking Price: | $5,000,000 |
EBITDA: | $895,260 |
Gross Revenue: | $1,444,422 |
Description:
The company is a certified public accounting (CPA) firm specializing in financial statement preparation, tax return preparation, tax planning, tax consulting, and other financial services for businesses and individuals.
Key Aspects:
• Revenue grew 8.8% from 2022 through 2023
• Adjusted EBITDA grew at a compound annual growth rate of 4.7% from 2020 through 2023
• Average adjusted EBITDA margin of 61.2% from 2020 through 2023
• Minimal client concentration: no single client generated more than 3.9% of the Company’s revenue in 2023
• Approximately 95% of the Company’s revenue in 2023 was derived from repeat clients, according to management
• Dedicated and experienced staff members
Opportunities:
• Search engine optimize (SEO) the company’s website to increase online visibility and reach more potential clients
• Establish a marketing campaign to reach new clients
• Increase market share through geographic expansion
• Build advisory services and expand other non-tax services to capture clients outside of the typical CPA-seeking clientele
Headquartered:
• Mid Atlantic, US
Current Markets:
• The company serves businesses and individuals in the surrounding area of its headquarters
Real Estate:
• The company operates from a 1,679 sq. ft. facility leased from an unrelated third party
• Management notes that the company is relocatable
Shareholder Ownership:
• The company is owned by two shareholders, 95% and 5%
• The majority shareholder is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership