Sunshine State CPA Accounting Firm fast growing and wealthy area!

Florida
listing image
Asking Price:$1,395,000
Gross Revenue:$1,282,000
FF&E:$15,000
Cash Flow:$339,000
EBITDA:$265,000
Established Year:2013
BUSINESS DESCRIPTION

Successful and growing CPA firm that does 40% income tax and 60% write-up and accounting-related work. A wide range of corporate, non-profit, and individuals served as clients. Exceptional reputation. The team is cross-trained and each client has a relationship with three employees.

Recurring revenue with very high client retention. No active marketing as business is boom and reputation is stellar so they are very selective about adding clients. Modern accounting software including CCH and other tools. Significant untapped potential is limited by the principal's desire to retire soon. Well-established brand reputation and foundation for a new owner to double or triple the business over the next five years. The seller is willing to stay on for up to a year for a smooth transition with plenty of time to train and transition relationships. Some possibility of the owner staying on to do limited contract work after that first year.

Buyers are required to provide proof of financial ability, relevant experience, and credentials.


DETAILED INFORMATION
Location
Florida
Inventory
Not Included in asking price
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Approximately 1900 sq ft with multiple offices and employees working in the office and virtually.
Competition
The business is thriving! They turn away business regularly and have a wait list of potential clients. Since the plan is to retire owner has been resisting the growth, but the opportunity is ripe for someone motivated and ready to double the practice size.
Growth & Expansion
Strong demand for their services with an excellent reputation as the CPA firm of choice. Serving wealthy individuals, companies, and non-profits in this dynamic and fast-growing beach town. Presently they do not provide any audit services so this would be an area of growth in addition to taking on the prospective clients on their wait list.
Financing
Excellent and clean financials will qualify for SBA loan.
Support & Training
The owner is flexible and willing to stay on for up to one year to support the training and transition of client relationships.
Reason for Selling
Owner is nearing retirement and would like to slow down.
Report an Issue with this listing
profile-img
Edward
Valaitis
logo-img
Edward Valaitis