Profitable CPA Firm in the Richmond Area, Virginia
Virginia
Sale Pending
| Asking Price: | $1,700,000 |
| Gross Revenue: | $1,650,000 |
| FF&E: | $15,000 |
| Cash Flow: | $625,000 |
| Rent: | $6,400/Month |
Listing ID: 2289331Listing provided by BizBuySell
BUSINESS DESCRIPTION
Excellent, Growing CPA Firm!
This accounting and tax practice has been serving business owners and individuals throughout Virginia for more than 30 years. The firm has multiple revenue streams including primarily tax work, bookkeeping, and accounting/consulting. The firm is efficiently staffed and has several experienced professionals. The firm has achieved good revenue growth over the last few years.
Most of the business is repeat business with existing clients. The firm does very little advertising. There are no client concentration issues with the largest clients representing less than 5% of annual revenues.
DETAILED INFORMATION
Location
Virginia
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Location is leased. The lease expires in three years and can be renewed.
Growth & Expansion
The U.S. accounting services industry is large and growing. In 2023, the market size was valued at around $140 billion. Over the past decade, the industry has experienced annual growth rates averaging 2-3%.
Support & Training
Owner will assist purchaser in the transition. And may stay for several years.
Reason for Selling
Owner wishes to retire.
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